Paytm founder and chief executive officer Vijay Shekhar Sharma is set to sell shares worth as much as 48.95 billion rupees ($513 million) in One 97 Communications through a block deal on Tuesday, using stock held by his investment vehicle Resilient Asset Management B.V. The base transaction covers 19.2 million shares, or 3% of the company, valued at about 29.49 billion rupees ($309 million), with an option to sell another 12.7 million shares, or 1.98%, worth roughly 19.46 billion rupees ($204 million). If fully exercised, the sale would amount to 4.98% of outstanding equity. Resilient was set up in 2023 to acquire a 10.3% stake in One97 Communications from Antfin, part of Ant Group's broader reduction of its Paytm holding as regulatory scrutiny of foreign investment in Indian fintech intensified. Ant Group later completed its exit from Paytm in August 2025, after earlier stake sales that included the 10.3% disposal in August 2023 and a 4% sale in May 2025 for about $246 million. The planned transaction comes after a volatile period for Paytm that included Reserve Bank of India action against Paytm Payments Bank, which had weighed on the stock before Ant's full exit removed one ownership overhang. Block deals are designed to transfer large positions during a special exchange window with less disruption to normal trading, making the sale a closely watched test of investor appetite for Indian fintech exposure.