Paytm shares down 1% as Vijay Shekhar Sharma’s promoter entity likely to sell 4.98% stake via block deal

Shares of Paytm parent One97 Communications declined over 1% in opening trade on Tuesday amid reports that Resilient Asset Management B.V., the parent and promoter entity of founder Vijay Shekhar Sharma, plans to sell a stake in the fintech company through a block deal.

Extending its decline for the third consecutive session, Paytm shares fell as much as 1.29% to ₹1,562.50 on the BSE, dragging its market capitalisation to around ₹1 lakh crore. The fintech major has declined over 3% in three sessions, after falling 1.31% to ₹1,583 on Monday.

Paytm shares had touched a 52-week high of ₹1,656 on August 14, 2026, rebounding 75% from their 52-week low of ₹947.10 hit on March 30, 2026. The large-cap stock has gained 21% so far in calendar year 2026 and delivered a return of 37% over the past one year.

In an exchange filing on Monday, Paytm said it had been informed by Resilient that it proposed to undertake a “Block Market Trade” to sell up to 4.98% of its shareholding in One97 Communications under its existing Optionally Convertible Debenture (OCD) agreement with Antfin (Netherlands) Holding B.V.

“The economic value to be received by Resilient will be retained by Antfin under the OCD agreement,” Paytm said in the filing.

Resilient had acquired an approximately 10.20% equity stake in Paytm from Antfin against OCDs issued to Antfin, as disclosed by the company on August 7, 2023. However, the economic interest in the stake continued to belong to Antfin under the terms of the arrangement.

Paytm clarified that it is not a party to the proposed transaction and that there will be no change in Sharma’s direct shareholding in the company.

Last week, Paytm shares rallied over 14% between August 10 and August 13, amid investor optimism around a proposed amendment to Section 10A of the Payments and Settlement Systems (PSS) Act. The provision currently prevents banks and payment service providers from charging MDR on notified payment modes such as UPI and RuPay debit cards.

The proposed amendment, however, does not immediately bring back MDR on UPI transactions. Instead, it seeks to remove the blanket statutory exemption and give the Central government the power to decide through future notifications which digital payment modes will continue to have zero MDR and which could attract merchant charges.

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