Jai Shekhar Sharma bets big and is now Paytm’s top shareholder

Jai Shekhar Sharma bets big and is now Paytm’s top shareholder.

An off-market transfer would be used to buy a 10.3% interest in Paytm from Antfin by a foreign company owned by Jai Shekhar Sharma.

[{"selector":"#anim-a4f74966-28b6-4642-89b2-95fcebd9bbc4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f92cdceb-928f-4270-8007-70bd813a17fb","keyframes":{"transform":["translate3d(0px, 128.41394%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-be29834f-8f1f-4ff8-b248-1ff79d72cf05 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-47.10477911650275%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-c088cbcc-6051-44d6-9f41-85201b866618","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4993f706-8cc7-4d68-9f54-16d382d3a252","keyframes":{"transform":["translate3d(0px, 63.49582%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Sharma and the promoter companies would become Paytm’s largest shareholders as a result of the acquisition.

[{"selector":"#anim-6e8e324f-840d-4b55-9136-71f765ad09ff","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-612b660a-0514-4e75-8cda-62f3c39ff9fd","keyframes":{"transform":["translate3d(0px, 199.25210%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cd4a1931-644b-4e0a-a72a-59227e457568 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-45.65716883569035%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-ce1aee93-cbad-4621-820e-28330e06e6d5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bf8811fe-083e-40f4-a0f5-ef98d013acd7","keyframes":{"transform":["translate3d(0px, 63.49582%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Paytm’s share soared more than 10% from its previous closing as a result of the news.

[{"selector":"#anim-518f9c96-5c52-47cb-8ff5-1aac4601d0ab","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d8ecaada-e706-4c8b-b715-1102d087a351","keyframes":{"transform":["translate3d(0px, 189.73549%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-832c9f35-6960-44bb-8987-11c362edddef","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-41c4fa39-887b-449f-a8e5-411bef2b1dfb","keyframes":{"transform":["translate3d(0px, 63.49582%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-31e04fcf-6a8f-4ee1-aa8a-916db8d1c629 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.3823529259709133%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]