SAIF III Mauritius Company Limited has sold 12,800,000 shares of One97 Communications Limited (Paytm), representing 2.00% of the total shareholding. Following the sale, SAIF III Mauritius’ stake in Paytm stands at 14.45%, with 92,313,737 shares held. The transaction was executed via open market.
Stake Reduction by SAIF III Mauritius
SAIF III Mauritius Company Limited has divested a portion of its stake in One97 Communications Limited. The transaction involved the sale of 12,800,000 equity shares.
Details of the Transaction
The shares were sold through the open market, resulting in a reduction of SAIF III Mauritius Company Limited’s holding in Paytm by 2.00%. This sale brings their total ownership to 14.45%, represented by 92,313,737 shares.
Remaining Shareholding
Following the transaction, the shareholding of the sellers are as follows:
- Saif III Mauritius Company Limited: 60,365,369 shares (9.45%)
- Saif Partners India IV Limited: 25,627,088 shares (4.01%)
- Elevation Capital V Limited: 2,437,220 shares (0.38%)
- Elevation Capital V FII Holdings Limited: 3,884,060 shares (0.61%)
Source: BSE