Paytm promoter entity Resilient Asset Management to sell up to 4.98% stake

One97 Communications, the parent company of Paytm, informed investors through a regulatory filing on Monday that Resilient Asset Management, a company wholly owned by its founder and CEO Vijay Shekhar Sharma, proposed to sell up to a 4.98% stake in the company.

The proposed stake sale comes at a time when the stock hit a 54-month high last week amid multiple tailwinds, extending its rebound since March.