Vijay Shekhar Sharma’s Resilient Asset Management offloads 1.92 crore Paytm shares; details here

Shares of Paytm parent One 97 Communications rose by more than 2% in intraday deals on Thursday, 20 August, looking set to extend gains for the second consecutive session. The stock witnessed traction after Resilient Asset Management, a company wholly owned by Paytm founder and CEO Vijay Shekhar Sharma, offloaded 1.92 crore shares through block transactions on Tuesday.

An exchange filing on 20 August, dated 19 August, by Paytm revealed that Resilient Asset Management B.V. sold 1,92,10,110 shares, or 3% stake, of Paytm on 18 August.