One 97 Communications Limited

Ghisallo bought 8,56,000 shares of One 97 Communications (Paytm) for ₹117.08 crore at ₹1,367.80 per share in a block deal on August 4, 2026. This transaction occurred on a day when existing investors Saif Partners and Elevation Capital were looking to sell up to 2.3% of total outstanding shares via a block deal.

A leading digital payments and financial services platform in India, One 97 Communications operates an integrated ecosystem serving both consumers and merchants across the country. The company provides payment solutions, financial services, and commerce platforms through its core digital offerings. Its distinctive strength lies in connecting a vast network of users and merchants, enabling transactions and financial inclusion across India's digital economy through a comprehensive suite of services.

Ghisallo Capital Management is a New York-based hedge fund investing in listed Indian equities.