Stake sale · Financial Services

Resilient Asset Management sold Paytm shares worth ₹2,949 Cr to reduce its stake

By Startup Enthusiast · 18 August 2026

What they do

Paytm is a digital payments and financial services company offering UPI, mobile recharge, bill payments, and more

Resilient Asset Management sold 1.92 Cr shares in Paytm for ₹2,949 Cr, reducing its stake from 10.03% to 7.2%

The sale was made under an optionally convertible debenture (OCD) agreement with Antfin, which retains the economic value of the stake

Resilient Asset Management sold 1.92 Cr shares in Paytm for ₹2,949 Cr, reducing its stake from 10.03% to 7.2%.
The shares were sold at ₹1,535.10 each, a 3% discount to the stock’s last closing price.
Goldman Sachs, BNP Paribas, ICICI Prudential, HSBC Mutual Fund, SBI Mutual Fund, and Societe Generale were among the buyers.
Resilient acted on behalf of Antfin (Netherlands) Holding B.V., which retains the economic value of the stake.
The sale was conducted under an optionally convertible debenture (OCD) agreement with Antfin.

The sale reflects a strategic move to reduce Resilient’s stake in Paytm, which it acquired from Antfin in 2023.
Antfin, a subsidiary of Ant Group, had previously invested $200 Mn in Paytm in 2015 for a 25% stake.
Escalating Indo-Sino tensions in 2023 led to Resilient acquiring the stake from Antfin.

Paytm is a digital payments and financial services company offering UPI, mobile recharge, bill payments, and more.
It provides services such as mobile recharge, electricity bill payments, DTH recharge, municipal bill payments, water bill payments, gas and cylinder payments, and more.
Paytm also offers loans, credit cards, insurance, and investment services through its platform.
Paytm provides merchant payment solutions: QR, Soundbox, Card Machine.

Resilient Asset Management (seller) — Acting on behalf of Antfin (Netherlands) Holding B.V.
Antfin (Netherlands) Holding B.V. (economic owner) — A subsidiary of Ant Group, which previously invested $200 Mn in Paytm in 2015.
Goldman Sachs (buyer) — A global investment bank and financial services company.
BNP Paribas (buyer) — A French multinational bank and financial services company.
ICICI Prudential (buyer) — An Indian insurance company.
HSBC Mutual Fund (buyer) — A global banking and financial services company.
SBI Mutual Fund (buyer) — An Indian financial services company.
Societe Generale (buyer) — A French multinational bank and financial services company.