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Antfin set to divest 4% stake in Paytm
Mint Hyderabad
|May 13, 2025
Antfin, an Alibaba Group entity, will divest a 4% stake in Indian fintech firm Paytm through a block deal on 13 May, according to a term sheet.
The transaction, valued at ₹2,066 crore, will be managed by Goldman Sachs (India) Securities and Citigroup Global Markets India, the term sheet filed with the National Stock Exchange showed. The floor price for the sale of about 25.5 million shares has been set at ₹809.75 apiece, a 6.5% discount to parent One97 Communications Ltd's closing price of ₹866.05 on the NSE on 12 May.
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