August 4, 2026: Shares of One 97 Communications Ltd. (Paytm) remained in focus after Elevation Capital and its affiliated entities sold a 2.3% stake in the fintech company through multiple block deals on August 4. The transaction attracted strong institutional interest, with 19 investors participating in the deal.
Among the prominent buyers were global investment firms including Morgan Stanley, Goldman Sachs, and Manulife, reflecting continued institutional interest in Paytm despite the secondary stake sale.
The block transactions were executed during market hours, leading to elevated trading activity in the stock. On the National Stock Exchange (NSE), Paytm shares closed 0.71% lower at ₹1,400. During the session, the stock touched an intraday high of ₹1,436.60 and a low of ₹1,388.40, while trading volume crossed 61.14 lakh shares.
The stake sale represents a partial exit by Elevation Capital, one of Paytm’s early investors. Such transactions are generally viewed as portfolio rebalancing by private equity and venture capital investors rather than changes in the company’s operating fundamentals.
Despite the selling pressure, the successful placement of the shares with a broad group of institutional investors indicates healthy demand for the stock.
Key Highlights
- Elevation Capital and affiliated entities sold a 2.3% stake in One 97 Communications (Paytm).
- The shares were purchased by 19 institutional investors through block deals.
- Key buyers included Morgan Stanley, Goldman Sachs, and Manulife.
- Paytm shares closed 0.71% lower at ₹1,400 on the NSE.
- The stock traded between ₹1,388.40 and ₹1,436.60 during the session.
- Trading volume on the NSE exceeded 61 lakh shares.
The block deal will be closely watched by market participants for its impact on Paytm’s shareholding pattern and institutional ownership in the coming quarters.
