Ant Group to Divest 4% Stake in Paytm via Block Deal Worth ₹2,200 Crore
May 13, 2025 08:58 AM IST
Paytm shares in spotlight as Ant Group plans major stake sale at a discount, signaling further foreign investor exit.
In a significant move, China's Ant Group is set to sell a 4% stake in Indian digital payments company Paytm's parent, One97 Communications, through a block deal valued at approximately ₹2,200 crore. The shares are expected to be offered at a minimum price of ₹809.7 each, representing a 6.4% discount to Paytm’s closing price of ₹866 on Monday.
Ant Group, which currently holds a 9.85% stake in Paytm, is likely to reduce its shareholding to below 10% following this transaction. This move continues a trend of major investors reducing their holdings in Paytm over the past two years, including exits by Berkshire Hathaway and SoftBank Group.
The block deal is expected to be executed on Tuesday, with Goldman Sachs (India) Securities Pvt Ltd and Citigroup Global Markets India Pvt Ltd serving as placement agents for the stake divestment.
Earlier, in August 2023, Ant Group had sold a 10.3% stake in Paytm to its founder and CEO, Vijay Shekhar Sharma, making him the largest shareholder in the fintech company. This transaction reduced Antfin’s stake to 13.5%.
The anticipated stake sale by Ant Group is expected to influence Paytm’s stock movements and investor sentiment, especially as it follows or coincides with the company’s Q4 results.
Market participants will be closely monitoring the developments related to this block deal and its impact on Paytm's share price and overall market performance.
Also Read: Paytm vs. PhonePe vs. Google Pay: Which Digital Payment App Should You Use?
In a significant move, China's Ant Group is set to sell a 4% stake in Indian digital payments company Paytm's parent, One97 Communications, through a block deal valued at approximately ₹2,200 crore. The shares are expected to be offered at a minimum price of ₹809.7 each, representing a 6.4% discount to Paytm’s closing price of ₹866 on Monday.
Ant Group, which currently holds a 9.85% stake in Paytm, is likely to reduce its shareholding to below 10% following this transaction. This move continues a trend of major investors reducing their holdings in Paytm over the past two years, including exits by Berkshire Hathaway and SoftBank Group.
The block deal is expected to be executed on Tuesday, with Goldman Sachs (India) Securities Pvt Ltd and Citigroup Global Markets India Pvt Ltd serving as placement agents for the stake divestment.
Earlier, in August 2023, Ant Group had sold a 10.3% stake in Paytm to its founder and CEO, Vijay Shekhar Sharma, making him the largest shareholder in the fintech company. This transaction reduced Antfin’s stake to 13.5%.
The anticipated stake sale by Ant Group is expected to influence Paytm’s stock movements and investor sentiment, especially as it follows or coincides with the company’s Q4 results.
Market participants will be closely monitoring the developments related to this block deal and its impact on Paytm's share price and overall market performance.
Also Read: Paytm vs. PhonePe vs. Google Pay: Which Digital Payment App Should You Use?
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