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Paytm: Elevation Capital's massive gamble on Paytm backfires

The Ravi Adusumalli-led funds 15% stake in One 97, which was valued at about Rs 6,100 crore when the post-IPO lock-in expired in November 2022, had shrunk by nearly 40% to Rs 3,800 crore at the end of trading on Thursday. ....

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Byju's EGM in focus; Elevation's long Paytm bet

The investors have red-flagged the acquisition of Aakash Educational Services Ltd (AESL) saying Byju s agreed to “onerous” and “prejudicial” loan terms with Davidson Kempner (DK), among other matters. ....

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