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Stake sale · Financial Services

Resilient Asset Management sells Paytm stake worth ₹2,949 crore

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Date
Company
One97 Communications (Paytm)
What it does
Digital payments and financial services
Kind
Stake sale
Amount
₹2,948.9 crore
Stage
public
Based in
Noida
Founded
2000
Sector
Financial Services

What they do

Paytm offers UPI payments, mobile recharges, bill payments, flight bookings, credit cards, insurance, and margin trading

What happened

Resilient Asset Management, owned by founder Vijay Shekhar Sharma, sold 1.92 crore shares at ₹1,535 each, raising ₹2,949 crore

Why it matters

The economic value from the sale goes to Antfin under an existing agreement, and Paytm is not a party to the transaction

The details

  • Resilient Asset Management BV proposed to sell up to 4.98% stake in Paytm via a block market trade.
  • The proposed stake was valued at about ₹5,073 crore based on the previous closing price.
  • Resilient eventually offloaded 1.92 crore Paytm shares worth ₹2,948.9 crore in a block deal.
  • The block trade was executed at ₹1,535.10 per share.
  • Resilient Asset Management BV is wholly owned by Paytm founder Vijay Shekhar Sharma.
  • The economic value from the sale is retained by Antfin (Netherlands) Holding BV under an existing OCD (optionally convertible debentures) agreement.
  • Buyers include Goldman Sachs, BNP Paribas, ICICI Prudential, HSBC Mutual Fund, SBI Mutual Fund, and Societe Generale.
  • Post deal, Resilient's holding fell from 10.03% to 7.2% in Paytm.

The bigger picture

  • Resilient had acquired approximately 10.20% stake in Paytm from Antfin in August 2023 against OCDs issued to Antfin.
  • Antfin first invested in Paytm in February 2015 with $200 million for a 25% stake.
  • Antfin sold about 4% of Paytm in May 2025 for around ₹2,104 crore.
  • Antfin sold its remaining direct stake of about 5.84% in August 2025 for approximately ₹3,980 crore.
  • Antfin held 27.9% of Paytm at the time of its 2021 listing and exited its direct stake entirely in August 2025.

About the business

  • Paytm offers UPI payments, mobile recharges, bill payments, flight bookings, credit cards, insurance, and margin trading facility.
  • Paytm provides business payment solutions including QR, Soundbox, and Card Machine.

The deal

Type
block deal

Investors

Founders

  • Vijay Shekhar Sharma, CEO

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