Tuesday, Nov 18 — Shares of One97 Communications Ltd, the parent of Paytm, traded lower at Rs 1,321, down 0.89%, as the stock is likely to see a major block deal worth over Rs 1,600 crore in today’s session.
According to information shared with CNBC-TV18, Saif III Mauritius, SAIF Partners and Elevation Capital are expected to sell up to 2% of Paytm’s outstanding equity through block deals. The floor price has been set at Rs 1,281 per share, which represents a 3.9% discount to Monday’s closing price.
The potential deal size is estimated at around Rs 1,640 crore, based on the number of shares lined up for sale. A 60-day lock-in will also apply before the selling funds can offload any additional shares.
As of the September quarter, Saif III Mauritius held 10.76% in Paytm, while Saif Partners India IV Ltd held 4.57%.
Paytm shares have risen more than 4x from their all-time lows of around Rs 300 in 2024. However, the stock continues to trade below its IPO price of Rs 2,150.
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