Ant Financial to sell 10.3% Paytm stake to Vijay Shekhar Sharma
Vijay Shekhar Sharma, founder and chief executive of Paytm, has entered into a deal with Ant Financial to secure a 10.30% stake in the Indian financial services firm in a move that appears to be orchestrated to cut the Noida-headquartered giant’s exposure to the Chinese company. Resilient Asset Management, a firm fully owned by Sharma,…