Paytm Founder Sells $513 Million Worth Stock

livemint.com · business

Paytm founder Vijay Shekhar Sharma's Resilient has offered Paytm stock worth $513 million in a block trade. The transaction includes a base offering of up to 19.2 million shares, representing 3% of the company's total outstanding equity. This offering is valued at ₹2,949 crore, approximately $309 million. An upsize option is also included in the deal, indicating potential for further share sales.