Paytm in focus as Resilient AM may sell 4.98% stake

Paytm is a big company in India that helps people pay for things using their phones.

A company called Resilient Asset Management wants to sell some of the Paytm shares it holds.

It plans to sell almost 5 percent of the company.

Selling shares in one big trade is called a block deal.

The shares will be sold at a slightly lower price than the current market price.

This lower price is called a discount.

The sale could be worth about 1,946 crore rupees.

That is a very large amount of money.

Another company called Antfin will get the money from the sale.

Paytm says it is not part of the deal and its founders will keep their shares.