Ant Financial to transfer 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 from the Chinese giant, Noida-headquartered company said Monday. The move follows a turnaround at Paytm, which had a lacklustre listing but has improved its finances significantly in …

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