Private Equity

Liquidity Events

Elevation Capital sells 1.86% Paytm stake for Rs.1,556-Cr

Rediff.com  

Elevation Capital (formerly SAIF Partners), through its affiliates SAIF III Mauritius Company Ltd and SAIF Partners India IV Ltd, divested a 1.86% stake in One97 Communications, the parent company of digital payments and financial services player Paytm, in an open market transaction for INR 1,556 crore at an average price of INR 1,305 per share. Following this transaction, Elevation's holding in Paytm decreased from 15.33% to 13.47%.Paris-based Societe Generale acquired 32.44 lakh shares, representing a 0.51% stake in One97 Communications, valued at INR 423.46 crore.