Paytm Block Deal: Shares worth ₹1,722 crore change hands, existing PE funds likely sellers

Shares of One97 Communications Ltd., parent company of the payments aggregator Paytm, witnessed a large transaction take place on Tuesday, November 18.

As many as 1.32 crore shares of Paytm or 2.07% of the company's outstanding equity changed hands during the large trade, according to available data.

Shares changed hands at an average price of ₹1,307 per share, taking the total transaction value to ₹1,722 crore.

Sources told CNBC-TV18 that Saif III Mauritius, SAIF Partners and Elevation Capital are likely to sell up to 2% of the company's outstanding equity via block deals on Tuesday.

Floor price of the transaction has been fixed as ₹1,281 per share, which is a 3.9% discount to Monday's closing price. There will also be a lock-in period of another 60 days before further sale of shares.

Based on the floor price and the number of shares to be sold, the deal is likely to be valued at nearly ₹1,640 crore.

At the end of the September quarter, Saif III Mauritius had a 10.76% stake in Paytm, while Saif Partners India IV Ltd. had a 4.57% stake in the company.

Shares of Paytm have risen over 4x from the all-time lows of nearly ₹300 that the stock fell to back in 2024. Yet, the stock remains below its IPO price of ₹2,150.

Shares of Paytm are trading 0.6% lower on Tuesday at ₹1,324. The stock had ended 2.4% higher on Monday at ₹1,330. The stock is up 35% so far in 2025, and has doubled from its 52-week low of ₹651 that it fell to earlier this year.