- Stake Sale via Block Deal: Antfin, a promoter of Paytm, is reportedly planning to sell a 3.6 percent stake in the company. This would amount to around 2.3 crore shares. The sale is expected to take place through a block deal on August 25.
- Floor Price and Discount: The floor price for the stake sale is expected to be at a discount of Rs 880.10 per share. This means that the shares will be sold at a price lower than the current market price.
- Previous Announcement: On August 7, Paytm informed the exchanges that Vijay Shekhar Sharma, the Founder and CEO of One 97 Communications Limited (the parent company of Paytm), and Antfin had entered into an agreement. According to this agreement, Sharma would purchase a 10.3 percent stake in Paytm.
- Stake Acquisition by Resilient Asset Management BV: The stake in Paytm that Antfin is selling will be acquired by an overseas entity called Resilient Asset Management BV. This entity is fully owned by Vijay Shekhar Sharma. This acquisition will be done through an off-market transfer.
- Impact on Shareholding: Once the transaction is completed, Vijay Shekhar Sharma’s shareholding in Paytm will increase to 19.42 percent. On the other hand, Antfin’s shareholding will decrease to 13.5 percent.
- Stock Performance: On August 24, the closing price of Paytm shares on the Bombay Stock Exchange (BSE) was Rs 904.20 per share, which is 0.15 percent lower than the previous day.
These developments indicate changes in the ownership and shareholding structure of Paytm, with Vijay Shekhar Sharma increasing his stake while Antfin reduces its stake in the company. Please note that this information is based on the details you provided and may be subject to change as new developments occur.
