India, May 14 -- Update | May 14, 12:45 AM IST

A day after reports surfaced that Antfin was looking to offload a part of its stake in Paytm, Chinese tech giant Alibaba Group's company sold 4% stake in the fintech major for INR 2,103 Cr via bulk deals yesterday.

As per BSE data, Antfin Netherlands Holding BV sold more than 2.55 Cr shares in two block deals. In the first tranche, the Chinese tech giant sold 1.27 Cr shares for INR 826.04 each and followed it up with the sale of another 1.27 Cr shares at INR 823.30 apiece.

The average share price of INR 824.67 represents a discount of 3.72% from the stock's last closing price of INR 856.55 yesterday.

Of the total shares that flooded the market, Goldman Sachs (Singapore) Pte lapped up 37.2...