SAIF Partners, Elevation Capital Sell 2.3% Stake in Paytm for Rs 2,038 Cr in 2026
In 2026, SAIF Partners and Elevation Capital sold a combined 2.3% stake in Paytm for Rs 2,038 crore. Explore the details of this significant financial transaction.
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SAIF Partners, Elevation Capital Sell 2.3% Stake in Paytm for Rs 2,038 Cr in 2026
30 SEC SUMMARY
In 2026, private equity firms SAIF Partners and Elevation Capital sold a combined 2.3% stake in Paytm-owner One 97 Communications for Rs 2,038 crore. This transaction involved the offloading of 1,49,00,000 shares through open market transactions.
TABLE OF CONTENTS
- Introduction
- Transaction Details
- Market Reactions
- Background
- Other Investors
- Key Highlights
- FAQs
- Conclusion
- Call-to-Action
Introduction
In a significant financial move in 2026, private equity firms SAIF Partners and Elevation Capital divested a combined 2.33% stake in Paytm-owner One 97 Communications. This transaction, executed through open market transactions, involved the sale of 1,49,00,000 shares, amounting to Rs 2,038 crore.
Transaction Details
The divestment was carried out in two parts. Hong Kong-based SAIF Partners, through its affiliates SAIF III Mauritius Company Ltd and SAIF Partners India IV Ltd, sold 1,38,79,743 shares representing a 2.17% stake in Paytm. Additionally, Elevation Capital, through its arm Elevation Capital V Ltd, sold 10,20,257 shares representing a 0.16% stake in the company. The shares were sold at an average price of Rs 1,367.80 each.
Market Reactions
Following the announcement, shares of One 97 Communications dropped nearly 1% to close at Rs 1,400 apiece on the National Stock Exchange (NSE). This reaction underscores the market's response to significant stake sales by major investors.
Background
This transaction follows a similar move by SAIF Partners in November 2025, when it divested a 1.86% stake in One97 Communications for Rs 1,556 crore through open market transactions. This pattern of divestment indicates a strategic exit by the private equity firms from their holdings in the company.
Other Investors
In addition to SAIF Partners and Elevation Capital, several other institutional investors have shown interest in One 97 Communications. Domestic entities such as National Pension System (NPS) Trust, Sundaram Mutual Fund, Mahindra Manulife MF, Kotak Mahindra MF, Franklin Templeton MF, and ICICI Prudential Life Insurance Company have bought shares of the company. International entities like Goldman Sachs Bank, Ghisallo Capital Management, Social Protection Fund, Societe Generale, BNP Paribas Financial Markets, and Susquehanna International Group have also purchased shares.
Key Highlights
KEY HIGHLIGHTS
- SAIF Partners and Elevation Capital sold a combined 2.3% stake in Paytm for Rs 2,038 crore.
- The transaction involved the offloading of 1,49,00,000 shares.
- Shares were sold at an average price of Rs 1,367.80 apiece.
- Paytm shares dropped nearly 1% following the announcement.
- This follows a similar divestment by SAIF Partners in November 2025.
FAQs
What was the total amount of the stake sale in 2026?
The total amount of the stake sale by SAIF Partners and Elevation Capital in 2026 was Rs 2,038 crore.
How many shares were sold in the transaction?
A total of 1,49,00,000 shares were sold in the transaction.
What was the average price per share?
The shares were sold at an average price of Rs 1,367.80 each.
Conclusion
The divestment of a 2.3% stake in Paytm by SAIF Partners and Elevation Capital in 2026 marks a significant financial transaction that has impacted the company's share price. This move, along with similar actions in previous years, highlights the strategic exits by major investors from their holdings in the company.
Call-to-Action
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Sources
This story is an original summary and analysis written by LazyFounders from the reporting listed above. Facts are attributed to their original publishers; sections marked as analysis are LazyFounders's opinion. Where a source is in another language, facts were machine-translated and quotations are reported, not reproduced. Read the original coverage via the links.
