Vijay Shekhar Sharma, founder of Paytm, India’s largest digital payments platform, sold a 3% stake in his company for approximately $309 million, equivalent to 2,949 crore Indian rupees. The transaction, conducted through Resilient Asset Management BV, a Netherlands-based entity fully owned by Sharma, is intended to settle obligations to Ant Group, the Chinese fintech giant that has been gradually divesting from Paytm since 2023. Paytm shares declined by 1.4% following the announcement. This sale is part of a phased liquidation plan involving a maximum disposal of 4.98% of the capital, with a total estimated value ranging between 48.95 and 50.4 billion rupees.
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