Early Paytm backer Elevation Capital sold 56.22 lakh shares via its entity SAIF III Mauritius Company Ltd, generating over ₹630 crore.
The block deal was executed at ₹1,120.65 per share, marking a slight premium over the stock's closing price of ₹1,112.50.
The transaction is a standard VC liquidity event, allowing the fund to secure profits and return capital to its Limited Partners after years of holding the equity.
Replacing early-stage venture capital with long-term public market institutions gradually removes cap table overhang and stabilizes the stock's long-term volatility
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