Elevation Capital reduces Paytm stake via ₹1,556 cr deal
pre-market1 source ↓written by the desknot a recommendation
- in One97 Communications
- 1.86% stake
- at an average
- 1.19 crore shares
- each
- ₹1,305
- Elevation's ownership
- 15.33% to 13.47%
Elevation Capital has offloaded a 1.86% stake in One97 Communications, parent of Paytm, through a bulk deal worth ₹1,556 cr. The sale involved 1.19 crore shares at an average price of ₹1,305 each, reducing Elevation's ownership from 15.33% to 13.47%. This shift may impact investor sentiment around the fintech sector.
Not investment advice. For informational purposes only.