Paytm Block Deal: Vijay Shekhar Sharma’s Entity May Sell Nearly 5% Stake At ₹1,535
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Vijay Shekhar Sharma’s promoter entity Resilient Asset Management B.V. may sell up to 4.98% stake in Paytm through a block deal at a floor price of ₹1,535.10 per share. The proposed stake sale comes after Paytm reported strong growth in profit in the June quarter.
Vijay Shekhar Sharma’s promoter entity Resilient Asset Management B.V. is likely to sell a stake of up to 4.98% in One97 Communications, the company behind Paytm, through a block deal.
The proposed transaction could have a base size of 3%, with a further 1.98% available under an upsize option. The floor price has been fixed at ₹1,535.10 per share. This is around 2.9% below Paytm’s closing price of ₹1,580.20 on the National Stock Exchange (NSE) on 17 August.
The proposed stake sale comes soon after Paytm reported strong financial numbers for the June quarter.
Paytm Reports 79% Rise In Profit
One97 Communications reported a consolidated net profit of ₹220 crore for the quarter ended 30 June 2026. Profit was up 79% from ₹123 crore in the same quarter last year. It also rose 20% from ₹183 crore in the March quarter.
Revenue from operations stood at ₹2,448 crore during the April-June period. This was 28% higher than the ₹1,918 crore reported a year earlier. Revenue also grew 8% compared with the March quarter.
The company saw healthy growth across its payments business. Merchant gross merchandise value, or GMV, rose 31% year-on-year to ₹7.1 lakh crore.
The company attributed the improvement to investments in products, distribution and merchant device servicing.
UPI Transactions, Users Continue To Grow
Customer UPI gross transaction value increased 45% year-on-year to ₹5.9 lakh crore in the June quarter. Paytm said this was more than twice the industry's 20% growth during the period.
Monthly transacting users grew by 60 lakh year-on-year, reaching 8 crore. The number of merchants using subscription plans also increased by 27 lakh to 1.57 crore on year-on-year basis.
Net payment revenue, excluding the Payments Infrastructure Development Fund incentive, rose 25% year-on-year to ₹601 crore on a comparable basis. On a reported basis, the increase was 13%.
Paytm also said its online merchant business has started gaining momentum after it received an online payment aggregator licence last year.
Its Soundbox network expanded to 1.57 crore storefronts during the quarter. The company added 27 lakh net devices over the past year.
Cash Balance Rises To ₹13,529 Crore
Paytm ended the June quarter with a cash balance of ₹13,529 crore. This was ₹657 crore higher than the year-ago level.
The company clarified that the figure does not include customer funds held by Paytm Money Limited or balances maintained in escrow and nodal accounts. However, it includes the pre-funded balance in escrow held by Paytm Payments Services Limited.
The company said higher merchant retention, better payment processing revenue and growth in loan distribution revenue have helped improve merchant monetisation and payback periods.
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Vishwa is a content and SEO strategist with 10+ years of experience across fintech and FMCG. She has a knack for connecting dots others miss, spotting trends early, and finding angles on topics most miss to question.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide.
Outside work, she's drawn to art, painting and architecture, and enjoys travelling to explore them firsthand.
