SAIF III Mauritius Company sold 83.7 lakh shares, representing 1.31% of Paytm’s entire shareholding, while SAIF Partners India IV sold 35.53 lakh shares, or 0.56% of the company’s total equity shares. Both funds sold the shares at Rs 1,305 apiece.
Societe Generale was among the buyers, bagging 32.44 lakh shares (0.51% of the shareholding).
Even after the bulk deal, Elevation Capital holds a substantial stake in Paytm — 10.8% through SAIF III Mauritius Company and 4.6% via SAIF Partners India IV. At the current market price, the value of its holding stands at Rs 12,695.78 crore.
One of the earliest backers of Paytm, Elevation Capital had first invested in the company in 2007 when it was a mobile value-added services (VAS) provider. It was also among the selling shareholders as the fintech major went public in 2021.
In August, billionaire Jack Ma’s Ant Financial sold its entire 5.84% stake in Paytm for around Rs 3,803 crore in the backdrop of growing scrutiny over Chinese investors in Indian companies. The move marked the end of the Chinese presence at the Indian company’s cap table.
Paytm’s consolidated net profit plunged 98% to just Rs 21 crore in the quarter ended September 2025 on account of a one-time impairment on a Rs 190 crore loan to its JV, First Games Technology. Without the exceptional item, the bottomline print stood at Rs 211 crore.
Revenue from operations, meanwhile, increased 24% year-on-year (YoY) to Rs 2,061 crore, led by an increase in subscription merchants, higher payments GMV, and growth in distribution of financial services.
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