1 month ago
Paytm to Sell 2.3% Stake in ₹2,021 Crore Deal
Paytm’s parent company, One97 Communications, is selling a small part of its shares to early investors.
The sale will give up to 1.49 crore shares, which is about 2.3% of the company.
The shares will be sold at a price a little lower than the day before.
The money from the sale will go to the investors, not to Paytm.
The deal is part of a bigger recovery in Paytm’s stock price.
Paytm parent One97 Communications to sell up to 1.49 crore shares (~2.3% stake) in a block deal worth up to ₹2,021 crore.
Shares offered at floor price ₹1,339.65, a 4.99% discount to Monday’s closing price of ₹1,410.
Early investors Saif Partners India IV, Saif III Mauritius, and Elevation Capital V are the sellers; Morgan Stanley is sole placement agent.
The transaction is a secondary sale; Paytm will not receive proceeds and sellers face a 60‑day lock‑up.
The deal follows Paytm’s stock recovery, with a 9% YTD gain and over 30% one‑year return.
- Who
- One97 Communications and early investors Saif Partners and Elevation Capital
- What
- secondary share sale of up to 2.3% of Paytm
- Where
- India
- When
- Tuesday, July 4
- Why
- investors are pareing holdings after Paytm’s stock recovery
Key facts
- Company
- One97 Communications
- Deal Value
- ₹2,021 crore
- Shares Sold
- 1.49 crore
- Stake Percentage
- 2.3%
- Floor Price per Share
- ₹1,339.65
- Discount
- 4.99%
- Lock-up Period
- 60 days
- Placement Agent
- Morgan Stanley
Sources
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