Paytm block deal: SAIF Partners, others to likely sell stake worth Rs 963 crore, says report — Paytm is poised for a significant block deal on Friday. Existing investors, including SAIF Partners and Elevation Capital, are expected to sell approximately 8.6 million shares.

Fintech company One 97 Communications Limited is likely to see a block deal on Friday where existing investors like SAIF Partners and Elevation Capital Entities, according to an ET Now report. Around 8.6 million shares of Paytm are expected to change hands through the transaction and the floor price for the deal has reportedly been fixed at Rs 1,120.65 per share, the report said, citing sources. The floor price implies a discount of nearly 3% to the stock’s previous closing price.

#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;}
.onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px}
#sr_widget.onDemand .sr_desc{margin:0 auto 0;}
#sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;}
#sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important}
#sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%}
#sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
The stake sale through a block deal from existing shareholders is likely to be worth $100 million worth of shares.

Global investment bank Citi has reportedly been appointed as the placement agent for the transaction.

As per the shareholding data available on the BSE, SAIF Partners held shares in One 97 Communications through its affiliates Saif Partners India Iv Limited and Saif Iii Mauritius Company Limited. While the former held over 2.56 crore shares as on March 31, that represented 4% stake, the latter held over 6 crore share accounting for 9.43% equity.

The development comes after a sharp recovery in Paytm shares over the past year, aided by improving operational metrics, narrowing losses and renewed investor confidence in the digital payments ecosystem. The stock has delivered 34% over a one-year period.
a:hover{text-decoration:none;}
.liveEventMain_widget{margin-top:15px;padding-top:24px;border-top:2px solid #000;position:relative;font-family:Montserrat;}
.liveEvent_slider{position:relative;overflow:hidden;}
.liveEvent_slider ul{white-space:nowrap;list-style:none;margin-top:12px;}
.liveEvent_slider ul.sliderContainer{margin-bottom:30px;}
.liveEvent_slider ul li{white-space:normal;width:282px;vertical-align:top;display:inline-block;margin-right:12px;border-radius:12px;box-shadow: 0px 4px 12px 0px #2407461F;background-color:#fff;overflow: hidden;}
.images_wrap{position:relative;}
.images_wrap .cover_img{object-fit:cover;object-position:center;border-top-left-radius:4px;border-top-right-radius:4px;}
.images_wrap .author_img{position:absolute;left:10px;top:13px;border-radius:10px;}
.images_wrap::before{background-image: linear-gradient(180deg, rgba(11, 11, 46, 0) 20.31%, rgba(11, 11, 46, .6) 61.46%, #0b0b2e);content: “”;height: 100%;left: 0;position: absolute;right: 0;width: 100%;}
.liveEventMain_widget .details{padding:12px;}
.liveEventMain_widget .category{font-size:12px;line-height:14px;font-weight:700;color:#6a11b0;margin-bottom:8px;}
.liveEventMain_widget .course_name{font-size:16px;line-height:20px;font-family:Faustina;-webkit-line-clamp:2;overflow:hidden;height:40px;display:-webkit-box;-webkit-box-orient:vertical;font-weight:600;color:#000;}
.liveEventMain_widget .details .author_name{font-size:13px;line-height:16px;color:#333;font-weight:400;margin-top:4px;-webkit-line-clamp:2;overflow:hidden;height:32px;display:-webkit-box;-webkit-box-orient:vertical;}
.liveEventMain_widget .view{border: 1.5px solid #D51131; display: block; padding: 8px 0; text-align: center; border-radius: 4px; font-size: 14px; line-height: 16px; color: #D51131; margin-top: 12px; width: 100%; font-family: Montserrat; font-weight: 600; cursor: pointer;}
.liveEventMain_widget .view span{display: inline-block; width: 6px; height: 6px; border-top: 1.5px solid #ed193b; border-left: 1.5px solid #ed193b; transform: rotate(90deg); position: relative; left: 5px; top: -2px;}
.liveEventMain_widget .view span::after{content: ”; display: inline-block; width: 11px; border-top: 1.5px solid #ed193b; transform: rotate(45deg); position: absolute; top: 3px; left: -2px;}
.liveEventMain_widget .arrow_btn{width: 26px; height: 25px; position: absolute; z-index: 11; background-size: 312px; cursor: pointer;}
.liveEventMain_widget .nextprev-btn{display:inline-block;width: 100%; position: absolute; top: 59%;}
.liveEventMain_widget .prev-btn{background-position: -212px -2px;left: -12px;}
.liveEventMain_widget .next-btn{background-position: -241px -2px; right: -3px;left:unset;}
.liveEventMain_widget .arrow_btn.disable{opacity:0.5;}
.liveEventMain_widget .ts-dots{display:inline-block;position:absolute;top:34px;right:10px;}
.liveEventMain_widget .ts-dots ul{display:inline-block;}
.liveEventMain_widget .ts-dots li{width:7px;height:7px;border-radius:50%;background-color:#cdcdcd;margin:0 2px;display:inline-block;}
.liveEventMain_widget .ts-dots li span{display:none;}
.liveEventMain_widget .ts-dots li.active{background-color:#ed193b;}
.liveEventMain_widget .topContain {
display: flex;
align-items: center;
gap: 6px;
}
.liveEventMain_widget .topContain .imgBox {
max-width: 40px;
}
.liveEventMain_widget .topContain .logoTitle {
font-family: “Montserrat”, “Verdana”;
font-weight: 700;
font-size: 20px;
line-height: 100%;
}
.liveEventMain_widget .topContain .logoSubTitle{
position: relative;
font-size: 18px;
font-weight: 500;
line-height: 1.2;
color: #747474;
margin-left: 24px;
}
.liveEventMain_widget .topContain .logoSubTitle:before{
content:”;
position: absolute;
left: -13px;
top: 0;
width: 1px;
height: 100%;
background-color: #838383;
}
.liveEventMain_widget .liveEvent_slider .liveEventCardContainer{
}
.liveEventMain_widget .liveEvent_slider .liveEventCardContainer .liveEventCard{
display: flex;
}
.liveEventMain_widget .liveEvent_slider .liveEventCardContainer .liveEventCoverImg{
}

Live Events

One 97 Communications reported a net profit of Rs 184 crore in the fourth quarter, compared with a loss of Rs 540 crore in the year-ago quarter. In the year-ago quarter, its results ‌were affected by a one-time expense on charges related ⁠to CEO Vijay Shekhar Sharma giving up his employee stock options.

Revenue from operations rose 18% YoY to Rs 2264 crore.

Paytm’s EBITDA turned positive at Rs 132 crore, against a loss of Rs 88 crore a year ago, although it moderated from Rs 156 crore in the December quarter. EBITDA margin stood at 6%, compared with a negative 5% a year earlier.

The company said its comparable EBITDA, excluding UPI and PIDF incentives, improved by Rs 330 crore YoY, reflecting stronger organic profitability.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;}
.onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px}
#sr_widget.onDemand .sr_desc{margin:0 auto 0;}
#sr_widget.onDemand .live_stock p a{color: #fff;;}
#sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;}
#sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important}
#sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%}
#sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}

.Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;}
.Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:’Montserrat’;}
.Pbannertext img{height:20px;margin:0 6px}
.Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:’Montserrat’;}
.Pbannerbutton img{height:20px;margin-right:6px}
.Pbannerbutton a:hover{background-color:#f7f7f7}

Add

as a Reliable and Trusted News Source