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Linked Firm Sells 3% Paytm Stake for $309M to Ant

Paytm logoPaytm
Sig1.80Sen+0.70Env0.00Soc0.00Gov0.00

A linked firm sold a 3% stake in Paytm for about $309M. The shares originated from Resilient Asset Management’s 10.3% stake taken from Ant Group in August 2023, so Ant still retains an economic interest as it converts gains after a strong stock run. Paytm’s core fundamentals are described as solid, with the move more likely a shareholder shift than an operating change.

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