New Delhi, Aug. 20 -- Shares of Paytm parent One 97 Communications rose by more than 2% in intraday deals on Thursday, 20 August, looking set to extend gains for the second consecutive session. The stock witnessed traction after Resilient Asset Management, a company wholly owned by Paytm founder and CEO Vijay Shekhar Sharma, offloaded 1.92 crore shares through block transactions on Tuesday.

An exchange filing on 20 August, dated 19 August, by Paytm revealed that Resilient Asset Management B.V. sold 1,92,10,110 shares, or 3% stake, of Paytm on 18 August.

After the share sale, Resilient held 4,61,24,991 shares, or 7.20% stake in Paytm. Promoter Vijay Shekhar Sharma continues to hold 5,78,45,053 shares, or 9.02% stake, while his wife Mridu...