- Vijay Shekhar Sharma will not gain financially from the proposed sale of a 4.98% stake in One97 Communications Ltd (Paytm) undertaken by investment vehicle, Resilient Asset Management BV, with the proceeds going to Antfin.
- Paytm said it is not a party to the proposed sale, and that 'there will be no change in the founder's (Sharma's) direct shareholding', as part of its exchange filing late Monday (August 17, 2026) evening.
- The proposed block market trade will be executed under an existing optionally convertible debenture agreement between Resilient and Antfin.
- Resilient, an entity completely owned by Sharma, will carry out the sale, but the economic value from the transaction will be fully retained by Antfin under the terms of that agreement.
- Earlier this month, brokerage firm Bernstein raised its target price on Paytm to ₹2,200 from ₹1,500, citing potential income from a UPI merchant discount rate and becoming the first brokerage to set a target above Paytm's ₹2,150 IPO price since its 2021 listing.
- One97 Communications reported a full-year profit after tax of ₹552 crore for FY26, with revenue rising 22% to ₹8,437 crore, marking its first full year of profitability since its 2021 listing.
Vijay Shekhar Sharma will execute a sale of a 4.98% stake in One97 Communications Ltd (Paytm) through his investment vehicle, Resilient Asset Management BV, with proceeds going to Antfin. Notably, Sharma will not gain financially from this transaction, and his direct 9% stake in Paytm will remain unchanged, reaffirming his commitment to the company.134
Paytm clarified that it is not a party to the sale, emphasizing that “there will be no change in the founder's (Sharma's) direct shareholding”. The sale will be executed under an existing optionally convertible debenture agreement between Resilient and Antfin, which dates back to August 2023, when Resilient acquired approximately 10.2% of Paytm's equity from Antfin.
In a positive development for the company, brokerage firm Bernstein recently raised its target price on Paytm to ₹2,200 from ₹1,500, marking the first target above Paytm's ₹2,150 IPO price since its 2021 listing. This comes on the heels of One97 Communications reporting a full-year profit after tax of ₹552 crore for FY26, with revenue rising 22% to ₹8,437 crore, marking its first full year of profitability since its 2021 listing.56
“The proposed block market trade will be executed under an existing optionally convertible debenture agreement between Resilient and Antfin. Additionally, Bernstein recently raised its target price on Paytm to ₹2,200, marking the first target above the IPO price since its 2021 listing.”
