Resilient Asset Management BV, controlled by Paytm founder Vijay Shekhar Sharma, has proposed selling up to 4.98% of its stake in Paytm’s parent company, in a move that further unwinds previous structures tied to Chinese investment and reflects ongoing strategic adjustments.
Resilient Asset Management BV, the Dutch vehicle controlled by Paytm founder Vijay Shekhar Sharma, has proposed selling as much as a 4.98% stake in One 97 Communications, according to a filing by the company. The proceeds are slated for Antfin (Netherlands) Holding BV under a 2023 arrangement, while Paytm said it is not part of the transaction and Sharma’s direct holding in the fintech company remains unchanged.
As of June 2026, Sharma held a 9.03% stake in Paytm, while Resilient owned 10.24%, the filing showed. Paytm’s shares ended Monday 1.31% lower at ₹1,583. That comes after Bernstein recently lifted its target price to ₹2,200, the first time a broker has set a target above Paytm’s ₹2,150 listing price in November 2021.
The possible sale is tied to a structure agreed in August 2023, when Resilient acquired about a 10.30% stake from Antfin through optionally convertible debentures. Under that deal, Resilient received the shares without making a cash payment, while Antfin retained the economic value of the block. The arrangement was designed to ease concerns over Paytm’s Chinese shareholding at board level.
At the time, the transfer lifted Sharma’s overall stake in Paytm to 19.42%, while Antfin’s holding fell to 13.5%. Ant Group later fully exited Paytm in August 2025. The latest proposed stake sale would further unwind the 2023 transaction, but would not alter Paytm’s direct shareholding structure or Sharma’s personal stake in the company.
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