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China's Ant Group to Sell 4% Stake in Paytm; Floor Price at ₹810/share
The New Indian Express Tirupati
|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.
Dit verhaal komt uit de May 13, 2025-editie van The New Indian Express Tirupati.
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