Resilient proposes ₹4,895 crore Paytm stake sale
after close1 source ↓written by the desknot a recommendation
- in One97 Communications
- 4.98% stake
- per share
- ₹1,535.10
- potentially raising
- ₹4,895 crore
- trading between
- ₹1,573
- ₹1,596.45
Resilient Asset Management B.V. plans to sell a 4.98% stake in One97 Communications, Paytm's parent, at a floor price of ₹1,535.10 per share, potentially raising ₹4,895 crore. Following the announcement, shares experienced volatility, trading between ₹1,573 and ₹1,596.45. Notably, founder Vijay Shekhar Sharma's direct holding remains unchanged.
Not investment advice. For informational purposes only.