Vijay Shekhar Sharma To Purchase 10.3% Stake In Paytm From Antfin

Antfin will continue to hold the economic rights of the stake that is being transferred to Vijay Shekhar Sharma.

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.

Antfin will continue to hold the economic rights of the stake that is being transferred to Sharma.

As per the deal, Sharma will purchase 10.3 per cent shareholding in Paytm from Antfin through his 100 per cent owned overseas entity Resilient Asset Management BV.