Paytm shares worth ₹2,949 crore change hands in block deal

Around 1.92 crore Paytm shares changed hands in a block deal on Tuesday, accounting for 2.95% of the fintech's equity and valued at ₹2,949 crore. The transaction was executed at ₹1,535.1 per share. Resilient Asset Management, linked to Paytm founder Vijay Shekhar Sharma, was reportedly selling the stake. The proceeds will be retained by Chinese investor Ant Financial.