One 97 Communications Limited, the parent company of Paytm, is preparing for a significant block deal on Friday, involving approximately 8.6 million shares valued at ₹963 crore (around $100 million USD). Investors such as SAIF Partners and Elevation Capital are expected to participate in this transaction, with the floor price set at ₹1,120.65 per share, reflecting a nearly 3% discount from the stock's previous closing price. SAIF Partners holds a total of 13 crore shares, representing a combined stake of 13.43% through its affiliates.

This development follows a remarkable recovery in Paytm's stock, which has appreciated by 34% over the past year, fueled by improving operational metrics and a resurgence of investor confidence in the digital payments sector. In its latest financial results, One 97 Communications reported a net profit of ₹184 crore for the fourth quarter, a stark contrast to the loss of ₹540 crore recorded in the same period last year. Additionally, the company’s revenue from operations increased by 18% year-on-year to ₹2,264 crore, and its EBITDA turned positive at ₹132 crore, indicating a solid improvement in profitability.