Vijay Shekhar Sharma becomes Paytm's largest shareholder

Paytm CEO Vijay Shekhar Sharma has become the company's largest shareholder after he agreed to buy 10.3% stake worth $628 million from Antfin. Sharma will hold a 19.42% stake in Paytm after the completion of the share transfer, whereas Antfin, previously Paytm's biggest shareholder, will own a 13.5% stake. No cash payment will be made for the acquisition, Paytm said.