While the jury is still out on the profitability — if at all — of quick commerce firms, especially as a standalone business, multiple industry executives and investors in the space agreed with Palicha, on ‘execution being the differentiator.
Jack Ma-founded Antfin will be selling the shares at ₹880 apiece, a discount of nearly 3% to Thursday s closing price of ₹904.4. Citibank is the broker for the deal.
Paytm Boss Vijay Shekhar Sharma Now Holds 24 3% Of Co s Voting Rights: IiAS inc42.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inc42.com Daily Mail and Mail on Sunday newspapers.
Vijay Shekhar Sharma will acquire 10.3 percent stake in Paytm from Antfin through an off-market transfer. On closing of this transaction, Sharma’s shareholding in Paytm will increase to 19.42 percent
Upon the completion of the transaction, Sharma’s share in Paytm will increase to 19.42 per cent whereas Antfin’s shareholding will reduce to 13.5 per cent