Private Equity

Liquidity Events

Paytm CEO Vijay Shekhar Sharma to buy 10.30% stake in co. from Antfin for $628-M

BSE Announcement  

Vijay Shekhar Sharma (VSS), Founder, MD & CEO of publicly listed One97 Communications, which operates payments platform Paytm, has entered into a pact with Antfin (Netherlands) Holdings, a subsidiary of China's Ant Group, to purchase its 10.3% stake in Paytm for USD 628 million. Antfin will transfer 6.53 crore shares of Paytm to Resilient Asset Management, VSS' overseas entity based in the Netherlands. The development will make Sharma the largest shareholder of the fintech firm with 19.42% shareholding, replacing Antfin whose ownership, post-transaction, stands at 13.5%.