One 97 Communications Limited (Paytm) has announced a proposed Block Market Trade involving up to 4.98% of its shareholding. This transaction is part of an existing agreement with Antfin (Netherlands) Holding B.V. Importantly, while Resilient Asset Management B.V. will sell the shares, the economic value will be retained by Antfin. This arrangement stems from a prior acquisition of a 10.20% stake by Resilient from Antfin against Optionally Convertible Debentures.
Paytm Announces Share Transfer with Antfin Retaining Economic Value
One 97 Communications Limited, operating as Paytm, has disclosed a proposed transaction involving a significant portion of its shareholding. The company has been informed by Resilient Asset Management B.V. (“Resilient”) of its intention to undertake a Block Market Trade. This trade aims to sell up to 4.98% of the shareholding in Paytm.
Transaction Details and Ownership Structure
The proposed sale is being executed under an existing Optionally Convertible Debenture (OCD) agreement between Resilient and Antfin (Netherlands) Holding B.V. (“Antfin”). A key detail of this arrangement is that the economic value derived from the sale will be retained by Antfin. This situation arises from Resilient having previously acquired an approximate 10.20% equity stake in Paytm from Antfin. This acquisition was settled against OCDs issued to Antfin, with the economic interest in these shares continuously belonging to Antfin. The company has emphasized that it is not a direct party to this specific transaction, and there will be no change in the Founder’s direct shareholding in Paytm.
Disclosure and Website Hosting
This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement will be made available on the company’s investor relations website at https://ir.paytm.com/ for public access.
Source: BSE
