Antfin to sell 4% stake in Paytm
Chinese financial technology behemoth Antfin, a subsidiary of Alibaba Group, is going to sell a 4% stake in One97 Communications, the parent entity of Paytm, through a block deal worth around ₹2,200 crore ($242 million). The transaction is anticipated to be carried out at a floor price of ₹809.75 per equity share, which represents a discount of 6.5% on Paytm’s closing share price of ₹863.10 as of May 12, 2025.
The sale is Antfin’s ongoing process of gradual divestment and follows its previous disposal of a 10.3% holding to Paytm founder and CEO Vijay Shekhar Sharma in 2023. The recent disposal is set to further restructure the shareholding pattern of the fintech company, with top global investment banks Goldman Sachs and Citi advising on the deal.
Paytm’s shares fell about 5% in initial trading after the news. The sale also reflects a wider pattern of foreign investors such as SoftBank and Berkshire Hathaway to lower stakes in Paytm over the last two years.
In spite of market and regulatory woes, Paytm remains one of the predominant players in India’s fintech ecosystem. The development also reflects continuous realignment by international investors in India’s vibrant digital finance space.
