Saraf and Partners, Trilegal act on $309 million block sale of Paytm shares by Resilient

Resilient Asset Management B.V. has made a stake sale of 19,210,110 equity shares of One 97 Communications Limited (“Paytm”), representing ~3% of Paytm’s share capital, through a block sale aggregating to approximately $309 million.

Saraf and Partners advised Resilient on all legal aspects of the Transaction, including the structuring, negotiation and finalisation of transaction documents with the brokers, and regulatory and compliance matters under the applicable securities laws and SEBI regulations.

The transaction team was led by Sahil Arora (Partner), and consisted of Anuj Garg (Senior Associate), Associates Samiksha Bhargava and Sonia Mangtani.

Vaibhav Kakkar (Senior Partner) provided strategic inputs and regulatory advice in relation to the Transaction.

Trilegal represented the broker, Goldman Sachs (India) Securities Private Limited, on this stake sale.

The transaction was led by Richa Choudhary (Partner) and Maitreya Rajurkar (Partner) and Sanya Chaudhari (Senior Associate).

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