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Vijay Shekhar Sharma to buy 10% stake in Paytm; stock rallies 9%

August 7, 2023
Source: businessinsider.in businessinsider.in
News Snapshot:
The Paytm the stock has rallied over 44% in the last six months. the stock has rallied over 44% in the last six months. Sharma will purchase 10.3% shareholding in Paytm from Antfin through his 100% owned overseas entity There will be no change in the management or control of Paytm. Advertisement Vijay Shekhar Sharma Paytm shares Advertisement Fintech firm One97 Communications Founder and CEOwill acquire 10.30% 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.rallied...
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Tags: acquisition | advertising | Ant Group | cash | CEO | China | communications | Economy | fintech | Founder | IT | management | Netherlands | news | online payment | overseas | partnership | payment | Paytm | publishing | share | shares | stock | technology

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