Ant Financial to sell shares worth Rs 2,200 crore in Paytm parent

11 hours ago 2

Ant Financial to merchantability shares worthy Rs 2,200 crore successful Paytm parent

ET BureauLast Updated: May 13, 2025, 05:51:00 AM IST

Synopsis

Shares are apt to beryllium offered astatine a level terms of Rs 809.7 apiece — a 6.4% discount to Paytm’s closing terms of Rs 866 connected Monday. Paytm shares gained 4% during Monday’s commercialized connected BSE up of the anticipated transaction.

MUMBAI: Ant Financial, the fintech limb of Chinese e-commerce elephantine Alibaba Group, is readying to offload shares worthy astir Rs 2,200 crore successful One97 Communications, the genitor company of Paytm, via artifact deals connected Tuesday.

Shares are apt to beryllium offered astatine a level terms of Rs 809.7 apiece — a 6.4% discount to Paytm’s closing terms of Rs 866 connected Monday. Paytm shares gained 4% during Monday’s commercialized connected BSE up of the anticipated transaction. Ant Financial, which presently holds a 9.85% involvement successful Paytm, is expected to merchantability astir 4% of its holding done this artifact deal.

(What's moving Sensex and Nifty Track latest marketplace news, stock tips, Budget 2025, Share Market connected Budget 2025 and expert advice, connected ETMarkets. Also, ETMarkets.com is present connected Telegram. For fastest quality alerts connected fiscal markets, concern strategies and stocks alerts, subscribe to our Telegram feeds .)

Subscribe to ET Prime and work the Economic Times ePaper Online.and Sensex Today.

...moreless

(You tin present subscribe to our ETMarkets WhatsApp channel)