India, Aug. 4 -- Venture capital firm Elevation Capital today offloaded Paytm shares worth Rs.2,038 Cr via multiple bulk and block deals.

As per NSE data, the investment firm sold 97.43 Lakh shares via its holding entity SAIF III Mauritius Company and an additional 41.36 Lakh shares via its another entity, SAIF Partners India IV Ltd.

The bulk deals materialised at an average selling price of Rs.1,367.8. The VC firm also sold an additional 10.20 Lakh shares via a block deal at the same average selling price.

The shares that flooded the market were picked up by foreign investors, insurance companies as well as domestic mutual funds. While mutual funds like Axis, Edelweiss, Franklin Templeton and Tata bolstered their holding in the compan...