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SAIF Partners and Elevation Capital to sell Rs 2,000 cr Paytm stake

Paytm logoPaytm
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SAIF Partners and Elevation Capital plan to reduce holdings in Paytm via a block deal on Aug 4, selling 14.9 million shares (about 2.3% of equity) for roughly Rs 2,002 crore. The sale is expected to keep One97 Communications shares in focus. In parallel, Paytm’s consolidated revenue rose 8.1% QoQ to Rs 2,448 crore, with net profit up 20% to Rs 220 crore.

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