SAIF Partners and Elevation Capital plan to reduce their holdings in Paytm through a block deal scheduled for August 4, according to the report. The two investors will jointly sell 14.9 million shares, which together amount to about 2.3% of Paytm’s total equity. The transaction is described as a share sale worth around Rs 2,000 crore. The sources indicate the shares are being offered in a single block deal format, which typically involves selling shares to institutional or other large investors through an accelerated process. No additional details on buyers, pricing methodology, or whether the sale will include specific custodial or settlement conditions are provided in the available text. The announcement focuses on the size of the stake to be offloaded and the timetable for the transaction, with August 4 identified as the scheduled date for the block deal to occur.
SAIF Partners and Elevation Capital set block deal to offload Paytm stake
SAIF Partners and Elevation Capital plan to reduce their holdings in Paytm through a block deal scheduled for August 4, according to the report. The two investors will jointly sell 14.9 million shares...
- SAIF Partners and Elevation Capital jointly plan to offload Paytm shares.
- They will sell 14.9 million shares in the block deal.
- The stake sold is about 2.3% of Paytm’s equity.
- The block deal is scheduled for August 4.
- The reported value of the sale is around Rs 2,000 crore.
SAIF Partners and Elevation Capital will jointly sell 14.9 million shares, representing approximately 2.3% of Paytm's equity, through a block deal scheduled for August 4.
6 hours agoSAIF Partners and Elevation Capital will jointly sell 14.9 million shares, representing approximately 2.3% of Paytm's equity, through a block deal scheduled for August 4.
6 hours ago
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