Shares of One 97 Communications, the parent company of Paytm, fell nearly 2% on Tuesday after 1.92 crore shares worth nearly Rs 2,949 crore changed hands in a block deal, with Resilient Asset Management BV likely to be the seller.
Netherlands-based Resilient Asset Management, wholly owned by Paytm founder and CEO Vijay Shekhar Sharma, earlier offered to sell up to 1.92 crore shares, representing about 3% of the company’s existing total share capital. At the floor price of Rs 1,535.10 per share, the base deal is valued at around Rs 2,949 crore.
What is the value of Paytm's stake sale?
The deal also includes an upsize option of up to 1.27 crore shares, or about 1.98% of Paytm’s total equity. If fully exercised, the transaction would cover 3.19 crore shares, or a 4.98% stake, worth around Rs 4,895 crore at the floor price. The floor price represents a nearly 3% discount to Paytm’s previous closing price of Rs 1,580.20.
The company later clarified that the transaction will be 100% secondary, meaning the proceeds will go to the selling shareholder and not to Paytm. This will not change the founder’s shareholding in the fintech platform.
Goldman Sachs (India) Securities Private Limited is the placement agent for the deal. The shares will be sold through one or more share sales on the screen-based trading platform of Indian stock exchanges. The term sheet also provides for a 90-day lock-up on further sale of shares by the seller after the transaction.
Also read | Paytm block deal: Resilient Asset to sell up to Rs 4,895 crore stake at 3% discount
Resilient's stake in Paytm
Resilient had acquired nearly 10.20% equity stake in Paytm from Antfin against optionally convertible debentures (OCDs) issued to Antfin, Paytm said in an exchange filing. Under the deal, Resilient obtained ownership and voting rights attached to the shares, while Antfin retained the economic value.
Vijay Shekhar Sharma in his personal capacity owned more than 9% stake in Paytm as on June 30, 2026, according to data on the company’s shareholding pattern available on NSE.
Paytm share price
Paytm shares recorded nearly a 1% drop over the past one week, but gained over 17% in one month and more than 22% in 2026 so far. After hitting a 52-week low of Rs 930.60 apiece in March this year, the stock rapidly rallied over 78% in less than five months to hit a 52-week high of Rs 1,657.60 apiece earlier last week.
In the longer term, Paytm shares have delivered positive returns of 35% in a year and 84% in three years, although it continues to remain below its 2021 IPO price. The company has a market capitalisation of more than Rs 1.01 lakh crore.
Also read | Paytm shares recover 410% from 2024 low, but will long-awaiting IPO investors finally see redemption?
(With inputs from agencies)
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