SAIF Partners, Elevation Capital sells 2.3% stake in Paytm for Rs 2,038 Cr

Private equity firms SAIF Partners and Elevation Capital on Tuesday divested a combined 2.33% stake in Paytm-owner One 97 Communications for Rs 2,038 crore through open market transactions. A total of 1,49,00,000 shares representing a 2.33% stake of One 97 Communications were offloaded by both entities, as per the block deal data on the National Stock Exchange (NSE). Hong Kong-based SAIF Partners through its two affiliates, SAIF III Mauritius Company Ltd and SAIF Partners India IV Ltd, offloaded