New Delhi, NFAPost: China’s Ant Group has offloaded 25.5 million shares of fintech firm Paytm in a block trade, raising approximately $246 million. The shares were sold at Rs 823.10 ($9.69) apiece.
This is slightly higher than the Rs 809.75 price anticipated in an earlier report, which had pegged the stake sale at around 4% for $242 million.
Ant Group, a subsidiary of Alibaba Group, has been gradually reducing its stake in Paytm as part of a broader strategic shift and regulatory pressures in both China and India. In August 2023, Ant sold a 10.3% stake to Paytm’s founder and CEO Vijay Shekhar Sharma.
As of March 2025, Ant, through its Netherlands-based arm, Antfin, held approximately 9.85% in Paytm’s parent company, One97 Communications.
Goldman Sachs and Citigroup managed the transaction, the Reuters report noted. This marks another major sell-off in Paytm over the past two years, which has also seen exits by Berkshire Hathaway and SoftBank Group.
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