Paytm CEO to acquire a 10.3% stake in the company from Antfin

Vijay Shekhar Sharma, the chairman of Paytm, will purchase a 10.3% share for Rs 5,195 crore.

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Based on Paytm's last closing price, Mr. Sharma's purchase stake in Antfin is worth $628 million.

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Instead of paying cash, Sharma's firm would issue convertible debentures to Antfin.

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This transaction would not result in any change in the management or control of Paytm

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Mr. Sharma will continue to be the Managing Director and CEO, and the existing board of directors will remain as it is

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Paytm CEO to acquire a 10.3% stake in the company from Antfin

Vijay Shekhar Sharma, the chairman of Paytm, will purchase a 10.3% share for Rs 5,195 crore.

Based on Paytm's last closing price, Mr. Sharma's purchase stake in Antfin is worth $628 million.

Instead of paying cash, Sharma's firm would issue convertible debentures to Antfin.

This transaction would not result in any change in the management or control of Paytm

Mr. Sharma will continue to be the Managing Director and CEO, and the existing board of directors will remain as it is

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