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China's Ant Group to Sell 4% Stake in Paytm; Floor Price at ₹810/share
The New Indian Express Mangaluru
|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 the 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 the Paytm's parent company may fetch the Chinese company about ₹2,065 crore, based on the minimum price.
Bu hikaye The New Indian Express Mangaluru dergisinin May 13, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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