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Paytm’s parent One97 Communications saw a major shareholder shift after Elevation Capital (formerly SAIF Partners) sold 1.19 crore shares in a ₹1,556 crore bulk deal.
Elevation’s stake was brought down from 15.33% to about 13.47%.
The deets: a CNBC-TV18 report noted that SAIF III Mauritius, SAIF Partners and Elevation Capital together sold nearly 2% of Paytm’s equity, valuing the total transaction at around ₹1,640 crore.
The sale adds to the ongoing churn in Paytm’s shareholding. Just a few months ago, Ant Group offloaded about 4% of its holding for ₹2,103 crore. Meanwhile, domestic investors have been stepping up. Motilal Oswal has raised its stake to 5.15%.
Why it matters: the move comes at a time when Paytm’s financial picture looks mixed.
Revenue rose 24% year-on-year to ₹2,061 crore in Q2 FY26, but net profit fell sharply to ₹21 crore because of a one-time impairment charge tied to its First Games JV.
The reshuffling of large shareholders suggests shifting confidence levels as Paytm works through a period of transition and revenue realignment.
