Resilient Asset to offload 4.98% stake in Paytm parent
Resilient Asset Management plans to sell nearly five percent of Paytm shares. This stake sale is valued at approximately five thousand crore rupees. Proceeds will go to Chinese investor Ant Financial under an existing agreement. Resilient acquired the stake from Ant Financial in twenty twenty-three. This move helps reduce Chinese influence within the fintech company.
We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.
