Resilient Asset to offload 4.98% stake in Paytm parent
New Delhi: Resilient Asset Management, which holds shares in Paytm parent One 97 Communications, is looking to sell up to a 4.98% stake in the fintech company through a block market transaction, according to a regulatory filing on Monday.
The stake being sold would be worth around ₹5,000 crore at Monday’s closing price.
Proceeds from the sale will be retained by Chinese investor Ant Financial under an existing optionally convertible debenture (OCD) agreement, Paytm said.
