Economy
Paytm Founder's Entity Plans 4.98% Stake Sale Worth ₹5,000 Crore

Paytm Founder's Entity Plans 4.98% Stake Sale Worth ₹5,000 Crore

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THE BRIEF
1

Vijay Shekhar Sharma's Dutch entity, Resilient Asset, has proposed a 4.98% stake sale in One97 Communications (Paytm) valued at approximately ₹5,000 crore.

2

The block deal is expected to be executed at a 3% discount to the current market price, with Antfin identified as a primary beneficiary of the transaction.

3

Market analysts are closely monitoring the sale as it marks a significant shift in the shareholding pattern of the fintech giant.