Finclusion
  • News
  • Explained
  • Fact Check
  • Inclusion
  • Blog
No Result
View All Result
Paytm
  • News
  • Explained
  • Fact Check
  • Inclusion
  • Blog
No Result
View All Result
Finclusion
No Result
View All Result
Paytm has announced its Q2FY24 results posting revenue of ₹2,519 Cr, 32% growth YoY.

Paytm has announced its Q2FY24 results posting revenue of ₹2,519 Cr, 32% growth YoY.

Vijay Shekhar Sharma: Becomes the Biggest Stakeholder of Paytm

September 28, 2023
in Fintech
420 4
0
Share on FacebookShare on Twitter

In a recent, surprising turn of events, Vijay Shekhar Sharma, the founder and chief executive officer of One 97 Communications Limited, has acquired a chunk of Paytm shareholding and has now become the biggest shareholder of Paytm. This news has got the financial world buzzing with the name Vijay Shekhar Sharma. This strategic move is executed through his overseas entity, Resilient Asset Management.

Vijay Shekhar Sharma becoming Paytm’s largest shareholder is an admirably calculated risk. An agreement signed between Vijay Shekhar Sharma and Antfin has paved the way for Sharma to purchase a hefty 10.3% stake in Paytm. This acquisition will increase Sharma’s stake in the company to 19.42% and reduce Antfin’s ownership to 9.90%.

You might also like

Paytm Appoints Ramana Kumar as CEO for Middle East. (Image Source: Paytm)

Paytm Appoints Ramana Kumar as CEO for Middle East to Lead Global Expansion Strategy

May 23, 2025
Hide Payment is aimed at giving users greater control over how their payment records are displayed.

Paytm Rolls Out ‘Hide Payment’ to Boost Privacy in Mobile Transactions

May 19, 2025

As the news was out, the value of Paytm’s shares surged by more than 10%, evidence of enthusiasm among investors and stakeholders. The stock was trading at Rs 851 on the National Stock Exchange at the opening bell, marking a significant surge from its previous closing price. 

The division of ownership rights and economic rights between Sharma and Ant Financial adds a layer of complexity, with the finer details kept under wraps.

Sharma becoming Paytm’s largest shareholder sends a clear message to regulators. It establishes a grip on the company, protecting it from potential threats and takeovers. Furthermore, it strengthens investor confidence and reduces Chinese influence on the company.

The road to this strategic shift was not a cakewalk. Sharma consistently and proactively met with authorities like RBI and SEBI, demonstrating his commitment to transparency and regulatory compliance. It is important to note that Paytm has consistently denied any regulatory or governmental pressure to do so. 

Bottom Line

In a world where all the corporates want to play on the global stage, Vijay Shekhar Sharma’s audacious move to claim the throne as Paytm’s largest shareholder is indeed bold. As we wait for the dust to settle and see the ripple effects of this monumental decision, one thing remains clear—Vijay Shekhar Sharma is steering Paytm into challenging waters with big ambitions and vigilant eyes on each step.

Tags: paytmPaytm CEO Vijay Shekhar SharmaPaytm shareholderPaytm SharesPaytm's largest shareholderVijay Shekhar Sharma

Related Stories

Paytm Appoints Ramana Kumar as CEO for Middle East. (Image Source: Paytm)

Paytm Appoints Ramana Kumar as CEO for Middle East to Lead Global Expansion Strategy

by Finclusion
May 23, 2025
0

Fintech major Paytm has appointed Ramana Kumar as the Chief Executive Officer for its Middle East business, marking a significant...

Hide Payment is aimed at giving users greater control over how their payment records are displayed.

Paytm Rolls Out ‘Hide Payment’ to Boost Privacy in Mobile Transactions

by Finclusion
May 19, 2025
0

Paytm has introduced a new feature called ‘Hide Payment’—a user-centric enhancement that allows individuals to privately hide or unhide specific...

PB Fintech FY25 PAT Jumps 5.5x to ₹353 Cr. (Image source: PB Fintech website)

PB Fintech FY25 PAT Jumps 5.5x to ₹353 Cr, Revenue Grows 45% to ₹4,977 Cr

by Finclusion
May 16, 2025
0

PB Fintech, the parent company of Policybazaar and Paisabazaar, reported a robust financial performance for FY25, with profit after tax...

Deepfake scams typically begin with fraudsters recording a person’s voice from social media or phone calls. (Image source: @UPI_NPCI)

Deepfake Scam Alert: How to Spot and Avoid AI-Cloned Voice Calls

by Finclusion
May 14, 2025
0

A new wave of financial frauds using deepfake technology is raising alarms. The Unified Payments Interface (UPI) has urged citizens...

Next Post
Know the difference between a finance bill and a money bill here.

Difference between Money Bills and Finance Bills: Explained

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finclusion

© 2024 Finclusion

Quick Links

  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
  • Explained
  • Fact Check
  • Inclusion
  • Blog

© 2024 Finclusion

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version