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Vijay Shekhar Sharma to buy 10 3% stake in Paytm from Antfin in no cash deal

Vijay Shekhar Sharma To Purchase 10 3% Stake In Paytm From Antfin

Fintech firm One97 Communications Founder and CEO Vijay Shekhar Sharma will acquire 10.30 per cent stake in Paytm from Antfin (Netherlands) Holding BV through an off-market transfer in no cash deal.

Paytm promoter Vijay Shekhar Sharma to buy back 10 3% stake from Antfin for USD 628 million

Paytm promoter Vijay Shekhar Sharma to buy back 10 3% stake from Antfin for USD 628 million
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Vijay Shekhar Sharma to buy 10 30% stake in Paytm from AntFin

Sharma, who is the Founder and Chief Executive Officer of One 97 Communications, will purchase a 10.30% stake in Paytm from Antfin (Netherlands) Holding BV via his 100% owned overseas entity – Resilient Asset Management BV, the company said on Monday.

Founder Vijay Shekhar Sharma s stake in Paytm touches 20%; Data Bill passed in Lok Sabha

In a move that Vijay Shekhar Sharma no doubt hopes will please regulators and convince them to greenlight the Paytm founders business plans, Ant Financial has transferred a 10% stake in the fintech major to an entity owned by Sharma. The transaction will reduce Chinese representation on the cap table of One 97 Communications, Paytms parent. This and more in todays ETtech Top 5.

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