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China's Ant Group to Sell 4% Stake in Paytm; Floor Price at ₹810/share

The New Indian Express Kochi

|

May 13, 2025

CHINESE conglomerate Alibaba Group is all set to reduce its shareholding in Paytm parent company, One 97 Communications, on Tuesday.

- ENS ECONOMIC BUREAU @ New Delhi

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.

The New Indian Express Kochi からのその他のストーリー

The New Indian Express Kochi

PM takes a dig at Oppn, says House is not for 'drama' ...

PRIME Minister Narendra Modi on Monday launched a sharp attack on the Opposition, declaring that Parliament must function as a space for \"delivery, not drama\", and warning parties against turning the Winter Session into a stage for political theatrics. Speaking to the media outside Parliament ahead of the session, Modi said he was concerned that some Opposition parties continued to treat the House as a \"warm-up arena\" for elections or as a place to vent their \"desperation\" after electoral defeats.

time to read

1 min

December 02, 2025

The New Indian Express Kochi

₹ falls to 89.79 over delay in India-US trade deal

THE rupee slumped to a new low of 89.79 against dollar on Monday, fuelled by sluggish trade due to uncertainty over India-US trade deal and continuous outflow of FIIs.

time to read

1 min

December 02, 2025

The New Indian Express Kochi

Rijiju sees red as Kharge mentions ex-VP resignation

REMARKS by Leader of the Opposition in the Rajya Sabha, Mallikarjun Kharge, on Monday about the resignation of Vice President Jagdeep Dhankhar sparked a sharp response from the treasury benches.

time to read

1 min

December 02, 2025

The New Indian Express Kochi

Sabarimala revenue soars 33% to ₹92 crore in first 15 days

OVER 13L PILGRIMS OFFER DARSHAN

time to read

1 min

December 02, 2025

The New Indian Express Kochi

The New Indian Express Kochi

'My favourite TV show is actually a video game'

WHEN Robert Robertson the IIIrd loses the \"spark\" that made him Mechaman, he becomes an emergency dispatcher for superheroes at a Los Angelesbased superhero company. I immediately felt sympathetic to his very sad story, and was rooting for him to be good at his new job.

time to read

3 mins

December 02, 2025

The New Indian Express Kochi

Delaney miracle on and off the field for New Zealand

WHEN the final hooter roared after New Zealand's comeback 3-2 victory against Japan at the Mayor Radhakrishnan Stadium on Monday, former national junior player and current head coach Mike Delaney slammed the side glass of the bench in excitement. For the first time in 12 years, the Junior Black Sticks are a step away from the quarterfinals as group leaders.

time to read

2 mins

December 02, 2025

The New Indian Express Kochi

Not just stress, peer pressure can lead to emotional eating

If food makes you feel energetic and happy, it's good. If it makes you lethargic or uncomfortable, it's not, says Dr Smitha Singh, clinical dietitian at Lucknow Wellness Clinic, in an interview with Anna Jose. Edited excerpts:

time to read

2 mins

December 02, 2025

The New Indian Express Kochi

Omar on backfoot over OBC reservation review report

THE Omar Abdullah government in Jammu and Kashmir faces growing political and community pressure ahead of the submission of the Cabinet Sub-Committee's reservation review report, with OBC groups demanding a steep quota hike and Kashmiri leaders warning against any dilution of the Residents of Backward Areas (RBA) category.

time to read

2 mins

December 02, 2025

The New Indian Express Kochi

The New Indian Express Kochi

Solar fencing to stop wild elephants from entering villages in J’khand

IN a pioneering initiative in Jharkhand, solar fencing is being installed around the villages to prevent man-animal conflict in Chandil area of Saraikela-Kharsawan district. Under this project, 12-volt wire is laid outside the villages, powered with solar power, to keep wild elephants away.

time to read

1 mins

December 02, 2025

The New Indian Express Kochi

Law panel not in favour of statutory backing of model code of conduct

THE Law Commission is of the opinion that bringing in law to implement the model code of conduct (MCC) will hamper its enforcement during polls and \"might\" result in whittling down the powers of the Election Commission, which will not be conducive to holding, time-bound and fair elections.

time to read

1 min

December 02, 2025

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