Elevation Cap to sell 1.3% Paytm stake
MUMBAI: Elevation Capital, an early backer of One97 Communications which owns fintech Paytm is selling about 1.3% stake in the company worth Rs 964 crore through block deals on Friday, the term sheet of the deal showed.
The floor price of the offer, set at Rs 1,121 per share, is at a 3% discount to Paytm’s closing price of Rs 1,155.6 on the NSE on Thursday.
