The Jack Ma-founded Antfin (Netherlands) Holdings has completed a 3.6% stake sale in Vijay Shekhar Sharma-led Paytm.
According to the block deal data on BSE, The investment firm sold 2.27 crore shares or Rs 2,097 crore via block deal on Friday at a price of Rs 895.20 per share.
The development comes after Paytm CEO Vijay Shekhar Sharma agreed with Antfin to acquire a 10.30% stake through his fully-owned overseas entity – Resilient Asset Management B.V, increasing Sharma's holding to 19.42% in Paytm.
This comes after Paytm reported a 39% year-on-year growth to Rs 2,342 crore in revenue from operations, a significant improvement compared to the previous quarters. The company also witnessed a 167% year-on-year growth in the value of loans disbursed to Rs 14,875 crore.