Elevation Capital offloads Paytm shares worth Rs 1,556 crore

Venture capital firm Elevation Capital (formerly SAIF Partners) sold 1.19 crore shares of Paytm parent One97 Communications worth Rs 1,555.95 crore through a bulk deal, according to data from the National Stock Exchange.

Venture capital firm Elevation Capital (formerly SAIF Partners) sold 1.19 crore shares of Paytm parent One97 Communications worth Rs 1,555.95 crore through a bulk deal, according to data from the National Stock Exchange.

Societe Generale was one of the buyers in the deal, purchasing 32.44 lakh shares, which amounts to 0.51% of Paytm’s total shareholding.

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Even after the bulk deal, Elevation Capital still holds a significant stake in Paytm — 10.8% through SAIF III Mauritius Company and 4.6% via SAIF Partners India IV. At current market prices, its total holding is valued at about ₹12,695.78 crore.

Elevation Capital, one of Paytm’s earliest investors, first backed the company in 2007 when it was still a mobile value-added services (VAS) provider. The firm was also among the selling shareholders during Paytm’s IPO in 2021.

In August, Jack Ma’s Ant Financial sold its entire 5.84% stake in Paytm for about Rs 3,803 crore, amid increasing scrutiny of Chinese investments in Indian companies. This sale marked the complete exit of Chinese investors from Paytm’s cap table.

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Paytm’s consolidated net profit fell 98% to just Rs 21 crore in the quarter ended September 2025 due to a one time impairment on a Rs 190 crore loan to its joint venture, First Games Technology. Without this exceptional loss, the company’s net profit would have been Rs 211 crore.

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