Two crore shares worth Rs 2,949 crore of Paytm sold
Paytm, the parent company of One 97 Communications, saw its shares drop nearly 2% on Tuesday following a significant block deal. Resilient Asset Management BV, led by Paytm's founder and CEO Vijay Shekhar Sharma, sold 1.92 crore shares, valued at approximately Rs 2,949 crore. The deal also included an option to buy up to 1.27 crore additional shares, which could have increased the transaction value to around Rs 4,895 crore at the floor price.
The floor price represented a 3% discount to the previous closing price of Rs 1,580.20. The transaction was clarified to be a 100% secondary sale, meaning the proceeds went to the selling shareholder, not Paytm. Goldman Sachs (India) Securities Private Limited acted as the placement agent for the deal, with the shares to be sold through screen-based trading platforms.
Resilient Asset had previously acquired a 10.20% equity stake in Paytm from Antfin, retaining voting rights. As of June 30, 2026, Vijay Shekhar Sharma owned over 9% of Paytm's shares personally. Despite a 52-week low of Rs 930.60 in March 2023, Paytm's shares have shown positive growth over various periods, although they remain below their 2021 IPO price.
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