1 week ago
Vijay Shekhar Sharma’s Resilient Sells 3% Paytm Stake
Vijay Shekhar Sharma’s company sold a large number of Paytm shares.
The shares were sold through block transactions on 18 August.
The sale amounted to 3% of Paytm.
His company still owns 7.20% of Paytm after the sale.
Vijay Shekhar Sharma personally owns 9.02% of the company.
His wife, Mridula Sharma, owns 0.11%.
Paytm’s share price rose more than 2% on 20 August.
The stock was also reported to be up 25% so far this year.
Resilient Asset Management B.V. sold 1,92,10,110 Paytm shares on 18 August.
The sale represented a 3% stake in One 97 Communications.
After the transaction, Resilient retained 4,61,24,991 shares, or 7.20%.
Vijay Shekhar Sharma holds 9.02% of Paytm, while Mridula Sharma holds 0.11%.
Paytm shares rose more than 2% intraday on 20 August after the sale disclosure.
- Who
- Resilient Asset Management B.V., a company wholly owned by Paytm founder and CEO Vijay Shekhar Sharma, sold the shares.
- What
- The company sold 1,92,10,110 One 97 Communications shares, representing a 3% stake.
- Where
- The transaction took place through secondary-market block transactions; the articles do not specify a physical location.
- When
- The sale took place on 18 August and was disclosed in a filing dated 19 August, reported on 20 August.
- Why
- The articles report the share sale and its market impact but do not state a specific reason for the transaction.
Key facts
- Seller
- Resilient Asset Management B.V.
- Shares sold
- 1,92,10,110 shares
- Stake sold
- 3% of One 97 Communications
- Shares retained by Resilient
- 4,61,24,991 shares, or 7.20%
- Vijay Shekhar Sharma’s holding
- 5,78,45,053 shares, or 9.02%
- Mridula Sharma’s holding
- 7,00,000 shares, or 0.11%
- Share-price performance
- Paytm rose more than 2% intraday on 20 August; it was up 25% year-to-date and 29% over one year.
Sources
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