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Elevation Capital sells Rs 964 crore Paytm Shares via block deals

by FeeOnlyNews.com
3 months ago
in Business
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Elevation Capital sells Rs 964 crore Paytm Shares via block deals
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According to stock exchange filings, multiple entities under Saif Partners participated in the bulk deals, selling shares worth about ₹964 crore. Saif Partners, which is among Paytm’s earliest investors, was rebranded as Elevation Capital in 2020.

Societe Generale, Marshall Wace Investment Strategies and Morgan Stanley Asia were among the major participants in these block deals.

Over the past nearly two years, Elevation Capital and AntFin — the financial affiliate of Alibaba Group, have emerged among the biggest sellers in Paytm through block deals.

According to BSE data, around 8.5 million shares changed hands on May 22, with Saif III Mauritius selling around 5.6 million shares and the others being multiple different funds of Saif Partners.

Historical data suggest that Ant Financial has also sold 85.3 million shares across multiple tranches and bulk deals.

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The Noida-headquartered company has seen several early investors liquidate their holdings. Paytm has also been encouraging Chinese investor Ant Financial to pare its stake in the firm.Paytm closed FY26 with a net profit of ₹556 crore — its first-ever full-year profit — and reported operating revenue of ₹8,437 crore, up 22% from ₹6,900 crore a year earlier.In April 2026, Paytm became an Indian-owned and controlled company after domestic investors raised their collective stake to around 50%. The fintech company currently trades at a market capitalisation of ₹71,220 crore ($7.4 billion).(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)



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