India, Aug. 4 -- Antfin Holding BV, part of Alibaba Group, plans to sell its remaining 5.84% stake in One 97 Communications, parent company of fintech major Paytm, through an INR 3,800 Cr clean-out block deal, according to a CNBC report.
The floor price for the sale is set at INR 1,020 per share, a 5.4% discount on Monday's closing price of INR 1,078.30 on the BSE. The transaction, which is expected to be executed in a single tranche, would mark Antfin's complete exit from the Indian fintech firm.
This move follows Antfin's earlier offload of a 4% stake in May 2025 for INR 2,103 Cr. That sale involved over 2.55 Cr shares at an average price of INR 824.67, a 3.72% discount on Paytm's last closing price then. At the time, Goldman Sachs (S...
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