HomeTagsAnt Group

Tag: Ant Group

Paytm’s Sharma to buy Ant’s...

NEW DELHI: Paytm founder and CEO...

Paytm’s Sharma to buy Ant’s 10.3% stake in company

NEW DELHI: Paytm founder and CEO Vijay Shekhar Sharma will buy a 10.3% stake (worth $628 million) in the fintech firm from China's Ant Financial (known as Ant Group now) in a no-cash deal. This paves the way for Sharma and promoter entities to become the largest shareholders of the company. After the completion of the transaction, Sharma's holding in Paytm will increase to 19.4%, while Ant Financial's shareholding will reduce to 13.5%.The move is being seen as an attempt by the fintech major to reduce Chinese ownership...

Karl Jörg - August 7, 2023

Business Profiles

Paytm’s Sharma to...

NEW DELHI: Paytm founder and CEO Vijay Shekhar Sharma will buy a 10.3% stake (worth $628 million) in the fintech firm from China's...

Karl Jörg - August 7, 2023

About Us

This website and all of the contents are property of Chrysolite Media Network Pvt. Ltd. Images, content and any other material may not be copied or reproduced without first obtaining written permission from Chrysolite Media Network Pvt. Ltd.