SAIF III Mauritius Company Limited has completed a significant transaction involving its stake in One97 Communications Limited, the parent company of Paytm. The company sold 23,498,583 shares, representing 3.67% of the total diluted share capital. This sale was conducted via an open market transaction on August 4, 2026, reducing SAIF III’s holding to 10.73%.
SAIF III Mauritius Sells Significant Stake in One97 Communications
SAIF III Mauritius Company Limited has divested a portion of its holding in One97 Communications Limited, the entity behind the popular digital payments platform Paytm. The transaction involved the sale of 23,498,583 shares, which constituted 3.67% of the total diluted share capital of the target company. This move signals a reduction in SAIF III’s ownership in One97 Communications.
Transaction Details and Impact
The shares were sold through an open market transaction on August 4, 2026. Prior to this sale, SAIF III Mauritius held 92,313,737 shares, equivalent to 14.40% of the total share and voting capital. Following the acquisition/sale, the entity’s holding has reduced to 68,815,154 shares, now representing 10.73% of the total diluted share capital. The equity share capital of One97 Communications remained unchanged at Rs. 641,133,110/-, comprising 641,133,110 equity shares of face value Rs.1/- each, both before and after the transaction.
Breakdown of Shareholding Changes
The disclosure also provides a granular breakdown of shareholding changes among related entities. SAIF Partners India IV Limited, Elevation Capital V Limited, and Elevation Capital V FII Holdings Limited are identified as Persons Acting in Concert with SAIF III Mauritius Company Limited. Before the disposal, SAIF III Mauritius held 60,365,369 shares. After the sale, their holding stands at 44,999,394 shares, representing 7.02% of the total share and voting capital.
Source: BSE
