Paytm CEO Vijay Shekhar Sharma becomes sole beneficial owner in co as Antfin cuts stake

One 97 Communications’ founder and Chief Executive Officer (CEO) Vijay Shekhar Sharma has become the sole company’s significant beneficial owner (SBO) following a reduction in the shareholding of AntFin from an earlier 23.79% stake to 9.90%. Sharma now holds 19.42% stake in the Paytm operator.

The 19.42% stake in Paytm is by virtue of Sharma holding a 10.30% equity through an overseas entity Resilient Asset Management BV in which he holds 100% equity. The founder is the only SBO of the company now, consequent to the change of shareholding.