Synopsis
Elevation Capital, an early investor in Paytm, has sold shares worth Rs 964 crore through block deals. This follows a trend of early investors liquidating their holdings. Paytm recently reported its first full-year profit and operating revenue growth. The company is now Indian-owned and controlled, with a market capitalization of Rs 71,220 crore.Listen to this article in summarized format
Elevation Capital, among Paytm's earliest investors along with AntFin, the financial affiliate of Chinese technology major Alibaba Group, has emerged as one of the biggest sellers in the fintech firm through multiple block deals over the past one to two years.
Multiple entities under the Saif Partners participated in the bulk deals. Saif was rebranded as Elevation Capital in 2020.
According to BSE data, around 85 lakh shares changed hands on May 22 at Rs 1,120 per share, putting the total deal value at Rs 963 crore.
Elevation Capital sold around 5.6 million shares, the filings showed.
Historical data suggest that Ant Financial has also sold 85.3 million shares across multiple tranches and bulk deals.
Among the buyers, Societe Generale, Marshall Wace Investment Strategies and Morgan Stanley Asia were some of the major participants in these block deals.
The Noida-headquartered company has seen several early investors liquidate their holdings. Paytm has also been encouraging Chinese investor Ant Financial to pare its stake in the firm.
Paytm closed FY26 with a net profit of Rs 556 crore — its first-ever full-year profit — and reported operating revenue of Rs 8,437 crore, up 22% from Rs 6,900 crore a year earlier.
In April 2026, Paytm became an Indian-owned and controlled company after domestic investors raised their collective stake to around 50%. The fintech company currently trades at a market capitalisation of Rs 71,220 crore ($7.4 billion).
