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Ant Group offloads 4% stake in Paytm
Financial Express Lucknow
|May 14, 2025
ANT GROUP, PART of Chinese global conglomerate Alibaba Group, sold 4% stake in digital payments firm Paytm's parent One97 Communications through block deals on Tuesday.
Shares were sold in the price range of ₹823.30-₹836.04 each, reflecting a 5-6% discount to the market price, according to BSE filings. The sale comes amid shifting geopolitical dynamics and portfolio rebalancing by foreign investors.
Shares of the company on Tuesday ended 1.13% lower at ₹856.55 on the BSE. The stock is down 13.3% year to date. During the day, it dropped 4.99% to ₹823.10. On the NSE, shares dipped 1.16% to settle at ₹856. During the day, the stock tanked 4% to ₹830.55. In volume terms, 30.74 million shares were traded on the BSE and 24.45 million shares exchanged hands on the NSE during the day.
This story is from the May 14, 2025 edition of Financial Express Lucknow.
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