Resilient’s block trade trims Antfin’s remaining link to Paytm; proceeds to go to Antfin

Mumbai (Maharashtra) [India], August 17 (ANI) : One 97 Communications Ltd., the parent entity that operates mobile payments pioneer Paytm, on Monday informed stock exchanges that Resilient Asset Management B.V. intends to sell up to 4.98% of its shareholding in the company through a block market trade. The proceeds from the transaction will accrue to Antfin under an existing optionally convertible debenture (OCD) agreement, further reducing its indirect economic exposure to Paytm.