Meet Nikhil Vora, who sold 0.35% of his stake in Paytm’s parent company and raked Rs 150 crore
May 16, 2017, 11:21 IST
When it comes to equity, Nikhil Vora is dubbed as a star analyst and his latest move is the proof of the earned sobriquet.
Vora sold full stake in Paytm’s parents company One97 Communications to Alibaba and earned around Rs 150 crore on his six-year-old investment.
He sold 0.35% stake or 1,60,000 shares of One97 Communications. However, Vora continues to hold shares in Paytm e-commerce, which was demerged from One97 Communications this year.
Vora had picked up stake in One97 Communications after its aborted initial public offering in 2011 as the company sought to transition from a mobile value-added services provider to a mobile internet firm.
Vora, who runs investment firm Sixth Sense Ventures, now plans to launch a second venture fund.
"Six companies in our portfolio have already seen a new round at a higher valuation," Vora told ET.
The firm's other investments include luxury watches retail chain operator Ethos and Cross Roads India Assistance, which provides road-side assistance for cars and two-wheelers. While known for closely tracking listed retail and consumer goods companies, Vora also has been an active personal investor in privately held companies over the last decade.
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Vora sold full stake in Paytm’s parents company One97 Communications to Alibaba and earned around Rs 150 crore on his six-year-old investment.
He sold 0.35% stake or 1,60,000 shares of One97 Communications. However, Vora continues to hold shares in Paytm e-commerce, which was demerged from One97 Communications this year.
Vora had picked up stake in One97 Communications after its aborted initial public offering in 2011 as the company sought to transition from a mobile value-added services provider to a mobile internet firm.
Vora, who runs investment firm Sixth Sense Ventures, now plans to launch a second venture fund.
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The firm's other investments include luxury watches retail chain operator Ethos and Cross Roads India Assistance, which provides road-side assistance for cars and two-wheelers. While known for closely tracking listed retail and consumer goods companies, Vora also has been an active personal investor in privately held companies over the last decade.