Paytm share price gained more than 1% in early trade on Thursday, 6 August, even as early investor Elevation Capital and its affiliated entities pared their holdings through a large block deal worth over ₹2,038 crore.
According to exchange data, Elevation Capital V sold 10.20 lakh shares for ₹139.55 crore, while SAIF III Mauritius Company offloaded 97.43 lakh shares worth ₹1,332.7 crore. SAIF Partners India IV also sold 41.36 lakh shares valued at ₹565.77 crore. Collectively, the three entities divested 1.49 crore shares for a total consideration of ₹2,038.02 crore.
Before the transaction, SAIF III Mauritius Company and SAIF Partners India IV, both affiliated with Elevation Capital (formerly SAIF Partners), held 8.55% and 3.63% stakes in Paytm, respectively.
On the buying side, the National Pension System (NPS) Trust emerged as the largest acquirer, purchasing 30.2 lakh shares worth ₹413.07 crore. Axis Mutual Fund acquired 27 lakh shares valued at ₹369.3 crore.
Other prominent buyers included Morgan Stanley, Goldman Sachs, Société Générale, BNP Paribas Financial Markets, Sundaram Mutual Fund, Manulife Global Fund, Kotak Mahindra Asset Management Company, ICICI Prudential Life Insurance, Ghisallo Master Fund, Franklin Templeton Mutual Fund, and Tata Mutual Fund.
