Elevation Capital to sell ₹1,640 crore Paytm shares
pre-market1 source ↓written by the desknot a recommendation
- worth of shares
- ₹1,640 crore
- firm will offer
- 1.28 crore shares
- representing
- 2% equity
- each
- ₹1,281
- to Monday's closing
- 4% discount
Elevation Capital plans to sell ₹1,640 crore worth of shares in One97 Communications via block deals on Tuesday. The firm will offer 1.28 crore shares, representing 2% equity, at ₹1,281 each, a 4% discount to Monday's closing price. This move comes as Paytm's net profit for Q2 FY26 fell 83% sequentially to ₹21 crore.
This sale may impact market sentiment around Paytm, especially given the recent profit decline and revenue growth of 7.5% to ₹2,061 crore.
Not investment advice. For informational purposes only.