+
Ant Group to Sell 4 Per Cent Stake in Paytm
ECONOMY & POLICY

Ant Group to Sell 4 Per Cent Stake in Paytm

China’s Ant Group, through its affiliate Antfin Netherlands Holding BV, is set to sell 26 Mn shares in One 97 Communications, the parent company of Paytm. This represents approximately four per cent equity. The floor price for each share is fixed at Rs 809.75, a 6.5 per cent discount to Monday’s closing rate. Based on this price, the stake sale may raise Rs 20.65 Bn.

Antfin has gradually reduced its holding in the Indian financial technology firm. As of March 2025, it held 9.85 per cent equity. In August 2023, it had divested a 3.6 per cent stake for Rs 20.37 Bn. Citigroup and Goldman Sachs are the appointed merchant bankers for the transaction.

Shares of Paytm closed four per cent higher at Rs 866.35 on the Bombay Stock Exchange, driven by strong investor interest.

For the quarter ending March 2025, Paytm reported a loss of Rs 5.4 Bn, primarily due to a Rs 4.92 Bn one-time expense linked to employee stock options. Founder and Chief Executive Officer Vijay Shekhar Sharma gave up his entitlements, resulting in the accounting charge. The company expects to turn profitable from the first quarter of the current financial year.

Source:The New Indian Express

China’s Ant Group, through its affiliate Antfin Netherlands Holding BV, is set to sell 26 Mn shares in One 97 Communications, the parent company of Paytm. This represents approximately four per cent equity. The floor price for each share is fixed at Rs 809.75, a 6.5 per cent discount to Monday’s closing rate. Based on this price, the stake sale may raise Rs 20.65 Bn.Antfin has gradually reduced its holding in the Indian financial technology firm. As of March 2025, it held 9.85 per cent equity. In August 2023, it had divested a 3.6 per cent stake for Rs 20.37 Bn. Citigroup and Goldman Sachs are the appointed merchant bankers for the transaction.Shares of Paytm closed four per cent higher at Rs 866.35 on the Bombay Stock Exchange, driven by strong investor interest.For the quarter ending March 2025, Paytm reported a loss of Rs 5.4 Bn, primarily due to a Rs 4.92 Bn one-time expense linked to employee stock options. Founder and Chief Executive Officer Vijay Shekhar Sharma gave up his entitlements, resulting in the accounting charge. The company expects to turn profitable from the first quarter of the current financial year.Source:The New Indian Express

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code