Economic TimesLean R·
Paytm jumps over 4% after Rs 2,038-crore block deal; Saif Partners, Elevation Capital likely sellers
Paytm shares rose over 4% following a significant block deal. Early investors Saif Partners and Elevation Capital trimmed their holdings in the fintech firm. This secondary share sale involved approximately 2.3% of Paytm's outstanding equity. The company recently reported strong quarterly earnings with increased net profit. Paytm's board also approved an additional investment into its subsidiary Paytm Money.
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