New Delhi, Aug. 17 -- Resilient Asset Management B.V., an entity wholly owned by Paytm founder and chief executive Vijay Shekhar Sharma, plans to sell shares worth up to Rs.4,895 crore ($513 million) in One 97 Communications Ltd through secondary-market block transactions on Tuesday, according to the terms of the deal reviewed by Mint.

The transaction includes a base offering of up to 19.2 million shares, representing 3% of the company's total outstanding equity, valued at Rs.2,949 crore ($309 million), according to the deal document. The offering also includes an upsize option to sell an additional 12.7 million shares, or a 1.98% stake, valued at Rs.1,946 crore ($204 million).

As of June-end, Sharma's Resilient was listed as a public s...