Essayer OR - Gratuit
China's Ant Group to Sell 4% Stake in Paytm; Floor Price at ₹810/share
The New Indian Express Tirunelveli
|May 13, 2025
CHINESE conglomerate Alibaba Group is all set to reduce its shareholding in Paytm parent company, One 97 Communications, on Tuesday.
According to sources, Alibaba affiliate Ant Group-backed Antfin Netherlands Holding BV will float 2.6 crore shares, which represent around 4% equity, in the open market.
The floor price for each share of the company is kept at ₹809.75, a 6.5% discount to Monday's closing prices. Based on this price, the stake sale at Paytm's parent company may fetch the Chinese company about ₹2,065 crore, based on the minimum price.
Cette histoire est tirée de l'édition May 13, 2025 de The New Indian Express Tirunelveli.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE The New Indian Express Tirunelveli
The New Indian Express Tirunelveli
10 MP cops suspended over hawala money
TEN police personnel, including a woman sub-divisional police officer (SDPO), have been suspended for allegedly misappropriating ₹1.5 crore out of the ₹2.96 crore suspected hawala money in MP's Seoni district, officials said on Friday.
1 min
October 11, 2025
The New Indian Express Tirunelveli
Potters race against time amid supply crunch
Dehradun's bustling Kumhar Mandi
2 mins
October 11, 2025
The New Indian Express Tirunelveli
An archetypal Jaiswal’s innings
CLOSE your eyes and imagine an archetypal Yashasvi Jaiswal innings in red-ball cricket.
3 mins
October 11, 2025
The New Indian Express Tirunelveli
Hockey stars get rare chess lesson
INDIA'S Olympic medal-winning hockey players swapped their sticks for chess sets as all of them were given an introductory class on the basics of the board game in a first-of-itskind initiative by chief coach Craig Fulton.
1 mins
October 11, 2025
The New Indian Express Tirunelveli
IS IT TIME TO TALK ABOUT FIVE-BOWLER STRATEGY?
India's dependence on part-timers could hurt them vs stronger sides
3 mins
October 11, 2025
The New Indian Express Tirunelveli
Grasim case: Asian Paints moves Supreme Court against CCI probe
ASIAN PAINTS, country's largest paint company, has approached the Supreme Court challenging the Bombay High Court decision that upheld the Competition Commission of India's (CCI) order to investigate the company for allegedly abusing its dominant position in the decorative paints market.
1 min
October 11, 2025
The New Indian Express Tirunelveli
Gig industry faces attrition amid increase in demand
EVEN as job openings in the gig and temporary staffing sectors have surged 15-20% yearon-year during the ongoing festive season, manpower supply has failed to keep pace.
2 mins
October 11, 2025
The New Indian Express Tirunelveli
TTK Prestige promoter TT Jagannathan dies at 77
TT Jagannathan (TTJ), chairman emeritus of kitchen appliance maker TTK Prestige Ltd, passed away in Bengaluru late on Thursday at 77.
1 min
October 11, 2025
The New Indian Express Tirunelveli
Star para athlete Simran’s guide Saifi provisionally suspended by NADA
IN a dramatic turn of event on Friday, Umar Saifi, guide of star para-athlete Simran Sharma, was included in the list of provisionally suspended athletes by the National Anti-Doping Agency, only a day ahead of the felicitation function organised to honour medal winners of the World Para Athletics Championships.
1 mins
October 11, 2025
The New Indian Express Tirunelveli
NC announces candidates for 3 of 4 Rajya Sabha seats, leaves 1 for Cong
IN a key political move, three-time former Jammu and Kashmir Chief Minister and National Conference (NC) president Farooq Abdullah will stay rooted in Jammu and Kashmir politics and not move to the national stage.
1 mins
October 11, 2025
Listen
Translate
Change font size