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Ant Group, the financial services arm of Chinese conglomerate Alibaba, has divested around a 4% stake in One97 Communications — the parent of fintech major Paytm, for Rs 2,103 crore (approximately $246 million)
According to a disclosure on the Bombay Stock Exchange (BSE), Ant sold 2.55 crore equity shares at an average price of Rs 824.67 apiece through block deals. The move further trims Ant’s stake in the Noida-based company, as the Chinese investor continues its gradual exit from the Indian fintech major.
Investment banking firm Goldman Sachs (India) has acquired 3.73 million equity shares at a price of Rs 823.1 each, amounting to a total investment of Rs 307 crore, details from BSE filing show.
According to media reports, Goldman Sachs and Citigroup Global are acting as placement agents for the ongoing stake sale.
As of the March quarter, Antfin (Netherlands) Holding BV held a 9.85% stake in digital payments company Paytm, according to BSE shareholding data. Following the latest transaction, Antfin’s stake in Paytm has declined to 5.85%.
Since 2015, Alibaba and Ant Financial have invested a total of $851 million in Paytm. For context, on August 25, 2023, Ant Group offloaded a 3.6% stake in Paytm for Rs 2,037 crore. Earlier, in August 2023, it had transferred its 10.3% stake in One97 Communications to the company’s founder and CEO, Vijay Shekhar Sharma.
For the quarter ended March 2025, Paytm’s revenue from operations declined by 16% year-on-year from Rs 2,267 crore in Q4 FY24. Meanwhile, its losses were reduced by 96% to Rs 23 crore in the same period.
At the close of today’s trading session, Paytm’s shares were priced at Rs 856.55 apiece, with the total market capitalization of Rs 54,634 crore (approximately $6.4 billion).
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