China’s Antfin Transfers 10.3% Stake In Paytm: Debentures In Vijay Shekhar's -Owned Entity

Paytm's Vijay Shekhar Sharma will buy a 10.3% stake worth $628 million in the firm he founded from an arm of Chinese fintech giant Ant Financial in a deal that would make him its single largest shareholder. The move comes as Sharma, who is also Paytm's chief executive, looks to simplify its ownership structure amid broader concerns about Chinese ownership in Indian financial technology companies, analysts said.