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Paytm shares drop 4% after SAIF Partners, others likely sell stake worth Rs 960 crore
Shares of One 97 Communications, the parent of Paytm, fell sharply on Friday after existing investors, including SAIF Partners and Elevation Capital, likely sold shares worth Rs 960 crore. Around 86 lakh shares changed hands in a large block deal, pressuring the stock despite broader market gains.
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thehindubusinessline.com
Elevation Capital to sell 1.3% stake in Paytm parent company
Elevation Capital to sell 1.3% stake in Paytm's parent company, raising approximately ₹963.6 crore through a bulk share sale.
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economictimes.indiatimes.com
Paytm block deal: SAIF Partners, others likely to sell stake worth Rs 963 crore, says report
Paytm's existing investors are expected to sell shares in a block deal. The transaction will involve approximately 8.6 million shares. The floor price is set at Rs 1,120.65 per…
