πΈ Paytm's founder asset sees major block deal sale
Shares of One 97 Communications fell nearly 2% on Tuesday following a block deal involving 1.92 crore shares. Resilient Asset Management BV, owned by Vijay Shekhar Sharma, was the likely seller in this transaction in the Netherlands. The base deal is valued around Rs 2,949 crore at a floor price of Rs 1,535.10 per share. This 100% secondary transaction means proceeds go to the seller, not to Paytm. The deal includes an upsizing option for further shares, with a 90-day lock-up term. πΈ