Elevation Trims Paytm Stake via ₹1,556 Cr Bulk Deal

Elevation Capital has reduced its Paytm (One97 Communications) stake by approximately 1.86% through a ₹1,556-crore bulk deal executed at ~₹1,305 per share. Its holding dropped from about 15.33% to 13.47%. The move represents partial profit-taking on a long-standing investment following Paytm’s public listing. The article discusses the broader context of venture capital secondary liquidity, investor sentiment around Paytm’s market performance, and how institutional stake movements can influence stock behaviour. It notes that VCs are rebalancing portfolios as India’s public-market tech ecosystem matures.