मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
Ant deal revives question on Sharma's position at Paytm
Mint Mumbai
|August 10, 2023
Advisory firm IiAS believes founder wields promoter-like influence through a trust
Paytm founder-CEO Vijay Shekhar Sharma’s decision to acquire an additional 10.3% in the company from Ant Financial has reignited the debate around his actual holding in the company and if, as a public shareholder, he has control of the company and enjoys the perks of being a promoter without actually being classified as one.
Paytm parent One97 Communications says Sharma owns 19.42% of the country’s largest payments company. But Institutional Investor Advisory Services (IiAS), a proxy advisory firm, contests the claim, saying Sharma owns 24.3%.
On Monday, Jack Ma-founded Ant Group swapped 43.5% of its equity in Paytm for convertible debt, as Sharma got an additional 10.3% stake, bringing his total ownership to 19.42%, according to a company press release.
यह कहानी Mint Mumbai के August 10, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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