Friday, February 23, 2024

Elevation Capital’s massive gamble on Paytm backfires

The Ravi Adusumalli-led fund’s 15% stake in One 97, which was valued at about Rs 6,100 crore when the post-IPO lock-in expired in November 2022, had shrunk by nearly 40% to Rs 3,800 crore at the end of trading on Thursday.

from Tech-Economic Times https://ift.tt/0I9OKSF

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