Tag: Vijay Shekhar Sharma
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Paytm CEO Buys 10.3% Stake From Ant Group, Becomes Largest Shareholder
Paytm’s founder and CEO, Vijay Shekhar Sharma, is purchasing a 10.30% stake in the company from Antfin (Netherlands) Holding BV, the parent company of China’s Ant Group. The deal is valued at $628 million, and it will be executed through a Netherlands-based entity owned by Sharma called Resilient Asset Management. After the transaction, Sharma’s total ...