Paytm CEO Acquires 10.3% Stake from Ant Financial

  • Vijay Shekhar Sharma, the CEO of Paytm, will purchase 10.3% of shares from Ant Financial via Resilient Asset Management B.V.
  • The deal includes issuing Optionally Convertible Debentures worth $628 million to Ant Financial, no cash payment is involved.
  • After this transaction, Sharma will hold 19.2% of the shareholding while Ant Financial’s stake will reduced to 13.5%.
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