Paytm CEO Vijay Shekhar Sharma to Buy 10.3 Percent Stake in Firm From Antfin Amid China Concerns

Paytm Chairman Vijay Shekhar Sharma will buy a 10.3 percent stake worth $628 million (roughly Rs. 5,195 crore) in the firm he founded from an arm of Chinese fintech giant Ant Financial in a deal that would make him its single largest shareholder.