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...
Ravichandran Ashwin isn't someone who shies away from sharing his opinions on public platforms. As the BCCI selectors and team management prepare their list of probables for next year's marquee event, Ashwin has shared his view on which players he thinks will make the cut, who fall into the 'maybe' category, and those who certainly will not. For the former spinner, there was no place for Rishabh Pant , Vaibhav Sooryavanshi , Abhishek Sharma , or a number of other superstar players. Surprisingly, Ashwin decided to name Bhuvneshwar Kumar in his squad. However, when it comes to players like Yashasvi Jaiswal , Ravindra Jadeja , and Mohammed Shami, Ashwin feels the decision could go either way. Speaking in a video posted on ESPNCricinfo 's YouTube, Ashwin said, "Bhuvneshwar Kumar is a yes. I would communicate to him. Get him to play all the tournaments, first-class, Vijay Hazare, everything, and get him primed going to South Africa. I think we will need him th...