Paytm founder Vijay Shekhar Sharma's direct stake to remain unchanged, Antfin to gain from Resilient's stock sale
Mumbai, Aug. 18 -- Paytm founder and CEO Vijay Shekhar Sharma's direct shareholding in One97 Communications will remain unchanged as investment vehicle Resilient Asset Management BV proposes to sell a 4.98 per cent stake in the company, with the economic proceeds from the transaction to go to Antfin (Netherlands) Holding BV.
In an exchange filing on Monday evening, One97 stated that the 'economic value to be received by Resilient will be retained by Antfin under the Optionally Convertible Debenture (OCD) agreement'. The mobile payments company also said it is not a party to the proposed transaction and reiterated that there "will be no change in Founder's (Sharma's) direct shareholding in the company".
Sharma currently holds roughly 9 p...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.