India, May 22 -- Paytm early investor Elevation Capital offloaded 56.22 Lakh in a block deal valuing each share at Rs.1,120.65. The investor raked in over Rs.630 Cr via the block deal on Friday.

As per data from the BSE, Elevation Capital's holding entity, SAIF III Mauritius Company Ltd, offloaded the shares at a price point slightly higher than today's closing price of Rs.1,112.50.

The company's shares were under pressure today after reports of a major block deal surfaced last night. Yesterday (May 21), NDTV Profit reported that Elevation Capital, via multiple of its holding entities in Paytm, is offloading shares worth Rs.960 Cr.

According to reports, investors like Societe Generale, Citigroup, Sundaram MF, Viridian Asia, and Goldman...