Elevation Capital Offloads Paytm Shares Worth ₹630 Cr

Paytm early investor Elevation Capital offloaded 56.22 Lakh in a block deal valuing each share at ₹1,120.65. The investor raked in over ₹630 Cr via the block deal on Friday. 

As per data from the BSE, Elevation Capital’s holding entity, SAIF III Mauritius Company Ltd, offloaded the shares at a price point slightly higher than today’s closing price of ₹1,112.50.

The company’s shares were under pressure today after reports of a major block deal surfaced last night. Yesterday (May 21), NDTV Profit reported that Elevation Capital, via multiple of its holding entities in Paytm, is offloading shares worth ₹960 Cr. 

According to reports, investors like Societe Generale, Citigroup, Sundaram MF, Viridian Asia, and Goldman Sachs lapped up the shares via open market transactions. However, Inc42 couldn’t verify this independently. 

As of the end of the March quarter, Elevation Capital held around 13% stake in Paytm through two entities: SAIF Partners India IV and SAIF III Mauritius Company. While the former controls under 4% of the company’s equity, the latter’s shareholding amounts to around 9.3%. 

This move comes as Paytm delivered its first-ever full year in the black in FY26, reporting ₹552 Cr in net profit on operational revenues of ₹8,437 Cr. The results were a major turnaround from FY25 when the fintech firm recorded a net loss of ₹663 Cr. 

In terms of the stock price, Paytm’s scrip has climbed 34.5% higher in the past one year. That said, it has dropped by over 11% in the past six months. 

Paytm shares closed the day at ₹1,112.50, down 3.7% from the previous session.

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