CAM advises Goldman Sachs on INR 3980 Crore Stake Sale of One 97 Communications by Antfin

Antfin (Netherlands) Holding B.V., a major shareholder in One97 Communications , the parent company of Paytm , has sold its entire remaining stake in the company.

CAM advises Goldman Sachs

Cyril Amarchand Mangaldas advised Goldman Sachs (India) Securities Private Limited (the “Placement Agent”) which acted as one of the placement agents for the sale of 18,643,863 equity shares of One 97 Communications Limited (“Company”) by Antfin (Netherlands) Holding B.V. (the “Seller”) by way of a share sale on the screen based trading platform of BSE Limited and National Stock Exchange of India Limited.

This comprised part of the sale of 5.84% stake by the Seller in the Company for a reported aggregate amount of INR 3980.76 crores.

The transaction was led by Manshoor Nazki, Partner (Regional Co-Head – Capital Markets – South); with support from Mansi Jhaveri, Principal Associate.

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