Ant Group to Sell 4 Per Cent Stake in Paytm

15 May 2025 CW Team

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

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