Shares of Paytm's parent company One97 Communications Ltd have seen a decline of about 2 percent today. This sudden fall in the shares of this company, which has made investors rich in the last few years, has come after the news of the block deal. A big news is coming out regarding Vijay Shekhar Sharma, promoter of Paytm's parent company.
Vijay Shekhar Sharma's company will sell 4.98% stake!
According to reports, 4.98 percent stake in Paytm is being sold by Vijay Shekhar Sharma's company Resilient Asset Management. This entire process will be completed through block deal. Resilient Asset Management plans to sell its 4.98 per cent stake in One97 Communications through a block deal. However, no official confirmation or detailed information on this process has been revealed yet. Let us tell you that by the end of June quarter, the total stake of Vijay Shekhar Sharma's company in Paytm was 10.20 percent, while Vijay Shekhar Sharma personally held 9.03 percent stake.
Know who will get the money from share sale?
According to the information given to the stock exchange, the entire amount received from this block deal deal will be kept by China-based Alibaba Group company Antfin under its existing 'Optionally Convertible Debenture' (OCD) agreement with the seller Resilient Asset Management. The money received from this sale will go directly to Antfin. This means that Vijay Shekhar Sharma is not going to personally get any financial benefit from this deal.
It is noteworthy that even before this, One97 Communications has seen a big block deal. At that time, 1.49 crore shares were sold, which was equivalent to about 2.3 percent of the company's total stake. Apart from this, according to the report of CNBC-TV18, sale of shares by Saif Partners, Saif II Mauritius and Elevation Capital V Ltd is also possible in the coming time. These foreign investment companies together can sell shares of Paytm worth about Rs 2002 crore.
Shares rose 41% in 3 months, know what is the condition of 52-week returns
Shares of Paytm opened today at Rs 1573 in Bombay Stock Exchange (BSE). During trading, the price of the company's shares reached an intra-day high (highest level) of Rs 1597.50 during the day. If we look at the recent performance, the share price of Paytm has increased by 41 percent in the last 3 months alone. Whereas in 2025, this stock has given an excellent return of 20.80 percent to the investors.
If we look at the 1 year chart, an increase of 32 percent has been seen in the share prices. At the same time, the share price of Paytm has increased by 176 percent in the last two years and by 81 percent in the last three years.
(Disclaimer: This is not an advice to invest in the stock market. The stock market is subject to risks. Before making any kind of investment, please consult your financial advisor and experts.)
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