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Stock Market LIVE Update: Paytm’s Vijay Shekhar Sharma Makes This Statement After Becoming Largest Shareholder
Vijay Shekhar Sharma, CEO of One97 Communications Ltd., known to operate digital payments provider Paytm Ltd. is looking to increase his stake in the company further, after becoming its largest shareholder.
“There is never a day that I would not buy more equity in Paytm,” Sharma told Bloomberg news in an interview. Sharma is now Paytm’s largest shareholder and Significant Beneficial Owner after acquiring a 10 percent stake from AntFin, thereby increasing his stake to 19.42 percent.
AntFin went on to sell another 3 percent stake in Paytm recently via block deals.
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