Mumbai, May 21 -- Early investors in One 97 Communications, the parent of fintech major Paytm, are looking to offload shares worth around $110 million through a block deal on Friday, according to a term sheet reviewed by Mint.

Saif III Mauritius Company Limited, Saif Partners India IV Limited, and Elevation Capital V Limited are the sellers.

The proposed transaction involves the sale of up to 8.6 million shares, representing around 1.3% of Paytm's outstanding share capital.

The floor price has been set at Rs.1,120.65 per share, a discount of about 2.99% to Thursday's BSE closing price of Rs.1,155.30.

At the floor price, the total transaction size is estimated at around Rs.963.6 crore (about $110 million).

Citigroup Global Markets Ind...