\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tPaytm Founder and Chief Executive Vijay Shekhar Sharma will not gain financially from the proposed sale of a 4.98 per cent stake in One97 Communications Ltd (Paytm) undertaken by investment vehicle, Resilient Asset Management BV, with the proceeds going to Antfin.<\/p>\n
Additionally, Sharma’s roughly 9 per cent direct stake in Paytm will remain unchanged, underscoring the founder’s continued commitment to the company. Paytm said it is not a party to the proposed sale, and that “there will be no change in the founder’s (Sharma’s) direct shareholding”, as part of its exchange filing late Monday evening.<\/p>\n
The proposed block market trade will be executed under an existing optionally convertible debenture agreement between Resilient and Antfin.<\/p>\n
Resilient, an entity completely owned by Sharma, will carry out the sale, but the economic value from the transaction will be fully retained by Antfin under the terms of that agreement. — PTI\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Paytm Founder and Chief Executive Vijay Shekhar Sharma will not gain financially from the proposed sale of a…\n","protected":false},"author":2,"featured_media":643332,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[257],"tags":[9,27012,18,19,2191,2810,17,245584,21187,279,245585,245583,82],"class_list":["post-643331","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mobile","tag-breaking-news","tag-columns","tag-eire","tag-ie","tag-india-news","tag-interviews","tag-ireland","tag-live-commentary","tag-live-updates","tag-mobile","tag-news-india","tag-rediff","tag-technology"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/117115917847436932","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/643331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=643331"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/643331\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/643332"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=643331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=643331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=643331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}