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"There is never a day that I would not buy more equity in Paytm," Sharma told Bloomberg News in an interview on Monday. "The single largest shareholder of Paytm is now an Indian, that is myself, and I believe this is definitely a key milestone." ....
"We have been informed by AntFin, that their shareholding in the company has reduced from 23.79% to 9.90% of the total equity share capital. Accordingly, no person affiliated with AntFin will qualify as a Significant Beneficial Owner (SBO) of the company," Paytm informed exchanges. ....
At the end of the June quarter, Antfin owned about 23.79% stake in Paytm. Earlier this month, Paytm CEO Vijay Shekhar Sharma had entered into an agreement to acquire 10.3% through an off-market transfer from Antfin, which is an affiliate of Chinese conglomerate Alibaba. ....
Earlier this month, Paytm CEO entered into an agreement to acquire 10.3% through an off-market transfer from Antfin, which is an affiliate of Chinese conglomerate Alibaba. On closing of this deal, Sharma s holding will increase to 19.42%, becoming the largest shareholder, whereas Antfin s will reduce to 13.5% ....
The transaction, which will be done at Rs 880.1 apiece, will see Antfin offload about 2.3 crore shares. On closing of this deal, CEO Vijay Shekhar Sharma s holding will increase to 19.42%, becoming the largest shareholder, whereas Antfin s will reduce to 13.5% ....