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Antfin completes 3.6% stake sale in Sharma's Paytm

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ISN Webteam
26 Aug 2023
Vijay Shekhar Sharma

Vijay Shekhar Sharma

The Jack Ma-founded Antfin (Netherlands) Holdings has completed a 3.6% stake sale in Vijay Shekhar Sharma-led Paytm.

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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. 

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