Paytm: Founder Buys 3% Stake from Ant Group for $309 Million

Looks like it. Vijay Shekhar Sharma, the mastermind behind Paytm, has bought back a significant chunk of his company. His firm, Resilient Asset Management BV, snapped up a 3% stake in Paytm.

The deal, finalized last Tuesday, involved a hefty $309 million. Who was the seller, you ask? None other than Ant Group, the Chinese fintech giant connected to Alibaba. Quite the financial merry-go-round.

For Paytm, its founder now has a stronger say, solidifying his position as a leader. For Ant Group, however, this operation is a strategic retreat, lessening their influence.

With this move, Ant Group has trimmed its stake in Paytm from 23.79% to 20.79%. It's a clear signal that Chinese behemoths are slowly loosening their grip on foreign investments, especially in India.

Vijay Shekhar Sharma, through Resilient Asset Management BV, acquired 3% of Paytm for $309 million on Tuesday, August 18, 2026. This boosts his direct stake to 19.42%. It's a solid vote of confidence, or perhaps just a power play.