Shares of One97 Communications Ltd., the parent company of Paytm, are likely to remain in focus after early investor backers SAIF Partners and Elevation Capital decided to pare their holdings through a block deal worth around Rs 2,000 crore. The development confirms an NDTV Profit newsbreak, as the channel had reported on July 24 about the upcoming stake sale via the block deal route. According to sources, SAIF Partners and Elevation Capital will jointly sell 14.9 million shares, representing approximately 2.3% of Paytm's equity, through a block deal scheduled for August 4. The transaction is estimated to be worth around Rs 2,002 crore, making it one of the larger secondary share sales in the stock this year. Morgan Stanley is acting as the banker to the deal, sources said. ALSO READ: DLF Q1 Results: Revenue Halves But Profit Rises 4%; Margin Contracts Saif Partners owns 3.63% stake as of quarter ended June, while Saif III Mauritius Company owns 8.55% stake in the c...
The latest episode of Lock Upp 2 delivered an emotional rollercoaster, complete with heartfelt sacrifices, unexpected confessions, and a shocking elimination twist that left both the contestants and viewers stunned. The episode began with a major task that would decide the season's first finalist. Contestants were asked to unanimously choose one person to move a step closer to the finale. Right at the start, Shreya Kalra secured a special advantage in the game. Meanwhile, Yogesh made a surprising move by choosing to keep Rs 10 lakh for himself. Interestingly, he did not have to leave the show to claim the cash reward and continued his journey inside Lock Upp 2. As the game progressed, Laila, Shilpa Shinde, Ram Kapoor and Akanksha Chamola voluntarily stepped out of the race, leaving only Shivangi Joshi and Harshad Chopda inside the cell. Harshad's Confession Leaves Shivangi In Tears With the final decision resting between the two, Harshad made a confession that comp...