SAIF Partners, Elevation Capital to sell 1.3% stake in Paytm worth Rs 963 crore via block deal tomorrow

A block deal in One 97 Communications Ltd, the parent company of Paytm, has been launched by existing investors, according to the termsheet accessed by us.

As per the termsheet, the proposed transaction is a secondary share sale through one or more block deals on the screen-based trading platform of Indian stock exchanges. Citigroup Global Markets India Private Limited is acting as the placement agent for the transaction.

The vendors in the transaction include Saif III Mauritius Company Limited, Saif Partners India IV Limited and Elevation Capital V Limited.

According to the termsheet accessed by us, the offer floor price has been fixed at ₹1,120.65 per share, representing a discount of around 2.99% to Paytm’s BSE closing price of ₹1,155.30 on May 21, 2026.

The offer size is up to approximately 8.6 million shares, representing nearly 1.3% of the company’s existing total shares outstanding. At the floor price, the total transaction size is estimated at around ₹963.6 crore.

The termsheet further stated that the transaction is entirely secondary in nature, with no fresh issuance of shares by the company.

The residual stake held by the vendors after the transaction will be subject to a 30-day lock-up period, according to the document.

As per the termsheet accessed by us, the expected trade date for the transaction is May 22, 2026, while settlement is expected on May 25, 2026 (T+1 basis).

Paytm shares will remain in focus on Friday amid the proposed block deal transaction involving some of its existing institutional shareholders.

Disclaimer: This article is based on a termsheet accessed by us and market information available at the time of publication. Investors are advised to consult certified financial advisors before making investment decisions.