Vijay Shekhar Sharma, the founder and CEO of the Indian mobile payment platform Paytm, is to buy a 10.3 percent stake worth $628 million (4.53 billion yuan) in the company he founded from Ant Group, the fintech arm of Chinese tech giant Alibaba Group. The deal will make Sharma the single largest shareholder of Paytm as his stake will increase to 19.42 percent while Ant Group’s will drop to 13.5 percent.
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