Elevation Capital leads $100 Mn Paytm block deals

By StartupStory | May 26, 2026

Paytm witnessed a series of block deals worth nearly Rs 964 crore (around $100 million) on Friday, with existing investors affiliated with SAIF Partners and Elevation Capital offloaded stakes in the fintech major through multiple entities.

According to BSE exchange data, a total of 85.98 lakh shares changed hands at a price of Rs 1,120.65 per share, taking the aggregate transaction value to around Rs 963.6 crore.

Among the sellers, SAIF III Mauritius Company Limited offloaded 56.22 lakh shares, while SAIF Partners India IV Limited sold 23.86 lakh shares. Elevation Capital V Limited also sold 5.89 lakh shares. SAIF Partners was rebranded as Elevation Capital in 2020, although several of its older investments continue to be held through legacy SAIF entities.

On the buying side, Societe Generale emerged as the largest buyer, which acquired 18.86 lakh shares. Ghisallo Master Fund LP and Viridian Asia Opportunities Master Fund purchased 12.8 lakh shares each, while Nippon India Mutual Fund picked up 11.11 lakh shares.

Other buyers included BNP Paribas Arbitrage, Goldman Sachs Bank Europe SE, Edelweiss Mutual Fund, Sundaram Mutual Fund, India Acorn ICAV, Citigroup Global Markets Singapore Pte Limited, Copthall Mauritius Investment Limited, Citigroup Global Markets Mauritius Private Limited, and NRSGVCC.

The transactions indicate continued secondary market activity in Paytm, where several early-stage investors have been gradually monetising holdings over the past few quarters.

During its recent quarterly results (Q4 FY26), Paytm reported 18.4% year-on-year increase in revenue to Rs 2,264crore, while the profits of the company grew to Rs 183 crore in the same period.

Paytn closes its trading session on Fridat at 1,114.3 on the NSE, with the total market capitalization with Rs 71,335 crore.