Paytm Founder Vijay Shekhar

Paytm now as Indian as Tata with zero Chinese ownership, 100% Made in India

Nearly nine years ago, Paytm founder and CEO Vijay Shekhar Sharma had remarked, "We are as Indian as Maruti," in an interview with PTI, responding to queries about the company's ownership structure at that time. That statement, once seen as symbolic, now reflects the reality, one where Paytm stands as a truly Indian company, both in spirit and shareholding. The mobile payments company is 100 per cent Indian-owned after Jack Ma's Ant Financial exited One97 Communications, the parent company of Paytm, by selling its entire 5.84 per cent stake for around Rs 3,803 crore. A person aware of the contours of the deal said, "Paytm is now as Indian as Tata." This transformation became official with the recent exit of Antfin (Netherlands) Holding BV, which sold its residual 5.84 per cent stake in Paytm for about Rs 3,800 crore through a block deal. With this, Chinese ownership in the company has been reduced to zero, marking a significant shift in its shareholding pattern. In 2016, Vijay She

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Paytm's CEO Vijay Shekhar Sharma assured the employees that they will figure everything out soon

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Paytm rallies 12% as Vijay Shekhar Sharma buys 10.3% stake from Antfin

On closing of this transaction, Sharma's shareholding in Paytm (direct and indirect) will increase to 19.42 per cent, whereas Antfin's shareholding will reduce to 13.5 per cent

Vijay Shekhar Sharma to buy a 10.3% stake in Paytm from Antfin for $628 mn

After the transaction, Sharma's stake in the company will rise to 19.42%, and Antfin will cease to be the largest shareholder of Paytm

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At the end of December, Alibaba had 6.26 per cent stake in the firm and it had sold around 3 per cent of it in January

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Paytm founder Vijay Shekhar dismisses capital dumping issue

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