SAIF Elevation Capital Offload Shares in Paytm via Block Deals

SAIF Elevation Capital Offload Shares in Paytm via Block Deals

SAIF Elevation Capital Offload Shares in Paytm via Block Deals
On the buying side, Societe Generale emerged as the largest buyer, acquiring 18.86 lakh shares.


Paytm saw a series of block deals worth around INR 964 crore (around USD 100 million) on Friday, as existing investors linked to SAIF Partners and Elevation Capital reduced their stakes in the company. The transactions were carried out through multiple entities, according to stock exchange data.

Data from the BSE showed that about 85.98 lakh shares were traded at a price of INR 1,120.65 per share, taking the total deal value to roughly INR 963.6 crore. Among the sellers, SAIF III Mauritius Company Limited sold 56.22 lakh shares, while SAIF Partners India IV Limited offloaded 23.86 lakh shares. Elevation Capital V Limited also divested 5.89 lakh shares.

SAIF Partners, which rebranded as Elevation Capital in 2020, continues to hold some of its earlier investments through legacy entities. The latest transactions reflect ongoing stake sales by early investors in the fintech firm.

On the buying side, Societe Generale emerged as the largest buyer, acquiring 18.86 lakh shares. Ghisallo Master Fund LP and Viridian Asia Opportunities Master Fund bought 12.8 lakh shares each, while Nippon India Mutual Fund purchased 11.11 lakh shares. Several other institutional investors, including BNP Paribas Arbitrage, Goldman Sachs Bank Europe SE and Edelweiss Mutual Fund, also participated in the deals.

The transactions highlight continued secondary market activity in Paytm with early backers gradually monetising their holdings. In its Q4 FY26 results, the company reported an 18.4% year-on-year rise in revenue to INR 2,264 crore, while profit stood at INR 183 crore. Paytm’s shares closed at INR 1,114.3 on the NSE on Friday with a market capitalisation of INR 71,335 crore.

 

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