Resilient Asset Management Offloads Paytm Shares Worth ₹2,949 Cr

Vijay Shekhar Sharma-owned Resilient Asset Management, acting on behalf of Alibaba Group affiliate Antfin, has offloaded 1.92 Cr shares in fintech major Paytm in a block deal worth around ₹2,948.9 Cr.

As per NSE data, Resilient sold 1.92 Cr shares in Paytm parent One97 Communications at ₹1,535.10 apiece to rake in the amount. This represented a minor discount of around 3% to the stock’s last closing price on Monday.

The shares that flooded the market were lapped up by Goldman Sachs, BNP Paribas, ICICI Prudential, HSBC Mutual Fund, SBI Mutual Fund, Societe Generale, among other buyers.

As per NSE data, the Chinese tech giant, via Resilient, indirectly held a 10.03% stake (on a fully diluted basis) in the fintech giant at the end of June 2026. Post the deal, the entity will own 7.2% stake in the company.

Yesterday, Paytm had informed the bourses that Resilient proposed to undertake a “Block Market Trade” to sell up to 4.98% shareholding in Paytm, under its existing optionally convertible debenture (OCD) agreement with Antfin (Netherlands) Holding B.V.

“The economic value to be received by Resilient will be retained by Antfin under the OCD agreement. Resilient had acquired an approximately 10.20% equity stake in Paytm from Antfin against OCDs issued to Antfin, as disclosed on August 7, 2023, with the economic interest continuing to belong to Antfin,” the disclosures read.

Ant Financial (now Ant Group) first invested in Paytm in February 2015, infusing an initial capital of $200 Mn for a 25% stake in the fintech major. However, following escalating Indo-Sino tensions in 2023, Resilient, a holding entity fully owned by Sharma, acquired a 10.3% stake in Paytm from the Netherlands-based Antfin Holdings BV via off-market transactions.

Subsequently, Resilient acquired ownership and voting rights of the 10.3% block and issued optionally convertible debentures (OCDs) to Antfin. The move effectively enabled the Netherlands-based holding entity to retain the economic value of the stake.

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