Paytm Shares Drop 1% As Antfin Plans To Sell 5.84% Stake Worth Rs 3,803 Crore

Ant Financial exits Paytm; sells 5.84% stake for ₹3,803 cr

Ant Group sells entire 5.84% stake in Paytm parent company for approximately 3,803 crore, causing share prices to drop.

Paytm Shares Drop 1% As Antfin Plans To Sell 5.84% Stake Worth Rs 3,803 Crore

Paytm shares dip 1% as Antfin plans to sell its 5.84% stake worth Rs 3,803 crore via block deal. Citi and Goldman likely to be placement agents.

Paytm shares flat as 2.9% equity changes hands via block deal, Antfin likely seller

Antfin may sell its entire 5.84 percent stake in the Paytm parent worth Rs 3,803 crore or $434 million via the block deal route.

China’s Ant Group to fully exit Paytm by selling 5.84% stake

This is the third significant stake sale by Ant Group in One 97 Communications (Paytm's parent firm) and will lead to the full exit of the Chinese investor.

What's Next for Paytm After Ant Group's ₹3,800 Crore Stake Sale

Ant Group exits Paytm with ₹3,800 crore stake sale, reshaping the Indian Fintech sector. One97 Communications eyes growth in financial technology leadership

Ant Group to fully exit Paytm by selling its remaining 5.84% stake for $433 million: Report - The Tech Portal

Ant Group, the Chinese fintech giant backed by Alibaba, is reportedly set to completely exit its investment in India’s Paytm by selling its remaining 5.84% stake. The shares will be sold via a block deal with a floor price of ₹1,020 per share, reports Reuters, citing a term sheet. The total transaction is expected to raise about ₹3,800 crore (~ $433 million). The sale will be handled by investment banks Goldman Sachs India Securities and Citigro…