One 97 Communications Limited, the parent company of Paytm, remained in focus after early investor Elevation Capital trimmed its holding through a large block deal transaction involving several global and domestic institutional investors.
Elevation Capital along with affiliated entities SAIF III Mauritius Company and SAIF Partners India IV sold a combined 85.98 lakh shares in Paytm on May 22 through open market transactions.
The transaction represented a 1.34% equity stake in the fintech company and was executed at ₹1,120.65 per share, taking the total deal size to nearly ₹963.6 crore.
Elevation Capital was previously known as SAIF Partners India before the firm rebranded in October 2020.
Before the transaction, SAIF Partners India IV held around 4% stake in Paytm, while SAIF III Mauritius Company owned 9.43% as of March 2026.
The stake sale attracted participation from 12 institutional investors including mutual funds, foreign investors and global financial institutions.
Societe Generale emerged as the largest buyer in the transaction after purchasing 18.86 lakh shares worth around ₹211.46 crore.
Ghisallo Master Fund LP and Viridian Asia Opportunities Master Fund each acquired 12.8 lakh shares valued at nearly ₹143.44 crore.
Other investors participating in the block deal included Sundaram Mutual Fund, Citigroup Global Markets, BNP Paribas Arbitrage, Goldman Sachs Bank Europe SE, Nippon India Mutual Fund, Edelweiss Mutual Fund, Copthall Mauritius Investment Limited, NRSGVCC and India Acorn ICAV.
Among the participating investors, Nippon Life India Trustee Limited, through Nippon India Growth Mid Cap Fund, already held a 1.49% stake in Paytm as of March 2026.
The transaction marks another secondary market stake sale by an early investor in the fintech company as institutional participation in Paytm stock continues to expand.
Read More: Paytm Share Price in Focus; Launches Pocket Money, Bringing UPI Payments to Teenagers Without a Bank Account!
As of 25 May 2026, at 10:04 AM, One 97 Communications Limited share price is trading at ₹1,119.80 per share, reflecting a surge of 0.67% from the previous closing price.
The ₹964 crore Paytm block deal saw strong institutional participation led by global financial firms and mutual funds, while Elevation Capital reduced part of its holding in the company through open market transactions.
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Published on: May 25, 2026, 10:16 AM IST
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