In a significant capital markets transaction, Elevation Capital V Limited has divested equity shares of One97 Communications Limited, the parent entity of PayTM, across the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The shares were sold for an impressive sum of ₹963.6 crore.
Elevation Capital sought the legal expertise of Cyril Amarchand Mangaldas for this transaction. The law firm played a pivotal role in advising Elevation Capital and its affiliates throughout the share sale process.
The deal was spearheaded by Ravi Dubey, who is a Partner and Regional Co-Head of Capital Markets for the western region at Cyril Amarchand Mangaldas. He was ably supported by Adwait Deshmukh, a Senior Associate, and Khushi Parekh, an Associate, ensuring the transaction was executed smoothly and efficiently.
This transaction marks a notable event in the deal street realm, showcasing the strategic maneuvers by Elevation Capital in optimizing its investment portfolio in One97 Communications Limited.
