Paytm shares in focus as Saif Partners, Elevation Capital eye stake sale in Rs 2,002-crore block deal

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Saif Partners and Elevation Capital plan to offload a 2.3 per cent stake in Paytm parent One 97 Communications via a Rs 2,002-crore block deal. The secondary share sale follows Paytm reporting a 79 per cent jump in Q1 net profit to Rs 220 crore.