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Early Paytm backer Elevation Capital part sells stake in fintech worth Rs 1,556 crore

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Elevation Capital offloaded 1.19 crore shares of Paytm parent One97 Communications for Rs 1,555.95 crore in a bulk deal. Despite the sale, the venture capital firm retains a significant stake in the fintech company. This comes after Ant Financial previously exited its stake in Paytm. 

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