Goldman Sachs, Citigroup, Societe Generale buy 1.34% stake in Paytm

Global financial institutions, including Goldman Sachs, Societe Generale, and Citigroup Global Markets, have collectively acquired a 1.34 percent stake in One 97 Communications, the parent company of Paytm, from SAIF Partners and Elevation Capital for Rs 963 crore through open market transactions.

Other foreign investors participating in the transaction included Ghisallo Capital Management, BNP Paribas, Copthall Mauritius Investment, and Hong Kong-based Viridian Asset Management.