Paytm’s Vijay Shekhar Sharma not selling stake; economic value from resilient share sale to go to Antfin

Paytm Founder and Chief Executive Vijay Shekhar Sharma will not gain financially from the proposed sale of a 4.98% stake in One97 Communications Ltd (Paytm) undertaken by investment vehicle, Resilient Asset Management BV, with the proceeds going to Antfin.

Additionally, Sharma’s roughly 9% direct stake in Paytm will remain unchanged, underscoring the founder’s continued commitment to the company. As part of its exchange filing late Monday (August 17, 2026) evening.

Resilient, an entity completely owned by Sharma, will carry out the sale, but the economic value from the transaction will be fully retained by Antfin under the terms of that agreement.

When Resilient acquired approximately 10.2% of Paytm’s equity from Antfin, issuing optionally convertible debentures to Antfin as consideration, the arrangement dates back to August 2023.

Earlier this month, brokerage firm Bernstein raised its target price on Paytm to ₹2,200 from ₹1,500, citing potential income from a UPI merchant discount rate and becoming the first brokerage to set a target above Paytm’s ₹2,150 IPO rate since its 2021 listing.

The development comes as Paytm’s profitability continues to strengthen. One97 Communications reported a full-year profit after tax of ₹552 crore for FY26, with revenue rising 22% to ₹8,437 crore, marking its first full year of profitability since its 2021 listing.