Resilient Asset Management Offloads Paytm Shares Worth ₹2,949 Cr

Vijay Shekhar Sharma-owned Resilient Asset Management has disposed of 1.92 crore shares of fintech giant Paytm, through a block deal worth approximately ₹2,948.9 crore. The shares were traded at ₹1,535.10 each, which is about 3% lower than the stock's closing price on Monday. Despite the slight discount, the shares were quickly snapped up by various buyers such as Goldman Sachs, BNP Paribas, ICICI Prudential, HSBC Mutual Fund, SBI Mutual Fund, and Societe Generale.

Resilient Asset Management, acting on behalf of Alibaba Group's Antfin affiliate, held a 10.03% stake in Paytm as of June 2026. Following this transaction, the entity will now own a 7.2% stake in the company. The deal was executed under Paytm's existing optionally convertible debenture (OCD) agreement with Antfin (Netherlands) Holding B.V.

Resilient Asset Management acquired an approximately 10.20% equity stake in Paytm from Antfin back in August 2023, through optionally convertible debentures (OCDs) issued to Antfin. The economic interest in this stake remains with Antfin, as per the OCD agreement. Interestingly, Ant Financial (now Ant Group) had initially invested $200 million in Paytm in February 2015, giving them a 25% stake in the company.

This current transaction was facilitated after rising tensions between India and China in 2023, leading Resilient to acquire a 10.3% stake in Paytm from Antfin Holdings BV via off-market transactions.