Resilient Asset Management Offloads Paytm Shares Worth Rs.2,949 Cr
India, Aug. 18 -- Vijay Shekhar Sharma-owned Resilient Asset Management, acting on behalf of Alibaba Group affiliate Antfin, has offloaded 1.92 Cr shares in fintech major Paytm in a block deal worth around Rs.2,948.9 Cr.
As per NSE data, Resilient sold 1.92 Cr shares in Paytm parent One97 Communications at Rs.1,535.10 apiece to rake in the amount. This represented a minor discount of around 3% to the stock's last closing price on Monday.
The shares that flooded the market were lapped up by Goldman Sachs, BNP Paribas, ICICI Prudential, HSBC Mutual Fund, SBI Mutual Fund, Societe Generale, among other buyers.
As per NSE data, the Chinese tech giant, via Resilient, indirectly held a 10.03% stake (on a fully diluted basis) in the fintech gi...
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