Business

Paytm's Founder, Vijay Shekhar Sharma, to Acquire 10.3% Stake from Antfin in Non-Cash Deal

Fintech company One97 Communications’ Founder and CEO, Vijay Shekhar Sharma, is set to acquire a 10.30 per cent stake in Paytm from Antfin (Netherlands) Holding BV in a non-cash deal. Despite the transfer of ownership, Antfin will retain the economic rights associated with the stake. The arrangement entails Sharma purchasing the 10.3 per cent shareholding in Paytm from Antfin through his…
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