Whalesbook
Stakeholders SAIF III Mauritius, SAIF Partners, and Elevation Capital are set to sell a 2% stake in Paytm's parent company, One 97 Communications Ltd, through a block deal. They aim to raise up to ₹1,639.7 crore, with a floor price of ₹1,281 per share, representing a 3.9% discount. A 60-day lock-up period will follow the transaction. Concurrently, Paytm reported a net profit of ₹211 crore for Q2 FY26 (before a ₹190 crore one-time charge), with operating revenue surging 24% year-on-year to ₹2,061 crore. Key growth drivers included merchant subscriptions, higher payment GMV, and expansion in financial services distribution.