Resilient Asset reduces One 97 stake by 3% to 7.2% in open market sale
Resilient Asset Management B.V. sold 19.21 million shares of One 97 Communications, cutting its stake from 10.2% to 7.2%. The PAC group's total holding dropped to 16.33%. The open market sale triggered a mandatory disclosure under SEBI regulations.
*this image is generated using AI for illustrative purposes only.
Resilient Asset Management B.V. has reduced its stake in One 97 Communications by selling 19,210,110 equity shares in the open market on August 18, 2026. The disposal, which represents a 3.00% drop in voting rights, brings the entity’s direct holding down from 10.2% to 7.2%.
The transaction was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on August 19, 2026. The filing indicates that the sale resulted in a change in shareholding of more than 2% of the total equity share capital.
Shareholding Structure Post-Transaction
Following the disposal, Resilient Asset Management B.V.’s holding stands at 46,124,991 shares. Vijay Shekhar Sharma and his immediate relative, Mridula Sharma, maintained their existing stakes during this period. Mr. Sharma holds 57,845,053 shares (9.02%), while Mrs. Sharma holds 700,000 shares (0.11%).
The combined holding of the Persons Acting in Concert (PAC) group decreased from 19.33% to 16.33% of the total voting capital. In terms of diluted share/voting capital, the group’s interest fell from 18.98% to 15.98%.
| Entity | Shares Held | % Voting Rights | % Diluted Voting Rights |
|---|---|---|---|
| Resilient Asset Management B.V. | 46,124,991 | 7.20% | 7.01% |
| Vijay Shekhar Sharma | 57,845,053 | 9.02% | 8.86% |
| Mridula Sharma | 700,000 | 0.11% | 0.11% |
| Total PAC Holding | 104,670,044 | 16.33% | 15.98% |
Key Details of the Disclosure
- Mode of Sale: Open market
- Date of Transaction: August 18, 2026
- Regulatory Reference: Regulation 29(2), SEBI (SAST) Regulations, 2011
- Total Equity Share Capital: 64,11,33,110 shares (Face value ₹1)
- Total Diluted Share Capital: 65,28,21,825 shares
The disclosure notes that Mr. Vijay Shekhar Sharma is a director of Resilient Asset Management B.V. Mrs. Mridula Sharma was included in the PAC group out of abundant caution due to her relationship with Mr. Sharma and her 0.11% shareholding.
Historical Stock Returns for One 97 Communications
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.76% | -0.90% | +18.40% | +39.27% | +30.12% | +2.22% |
What strategic reasons might be driving Resilient Asset Management B.V. to reduce its stake in One 97 Communications at this specific time?
How could this 3% reduction in voting rights impact the corporate governance structure and decision-making power within the PAC group?
Will this open market sale signal a broader trend of institutional investors exiting or reducing exposure to the Indian fintech sector?
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