The Hindu·3 min read·medium
Paytm’s Vijay Shekhar Sharma not selling stake; economic value from resilient share sale to go to Antfin
P
PTI
✦AI Summary
Paytm founder Vijay Shekhar Sharma will not profit from a 4.98% stake sale in the company, as the economic proceeds are contractually owed to Antfin. The move is part of a pre-existing financial arrangement, and Sharma's direct shareholding remains unchanged.
Paytm Founder and Chief Executive Vijay Shekhar Sharma will not gain financially from the proposed sale of a 4.98% stake in One97 Communications Ltd (Paytm) undertaken by investment vehicle, Resilient Asset Management BV, with the proceeds going to Antfin.
businesseconomy
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in