India, May 12 -- Chinese tech giant Alibaba group's company Antfin is reportedly looking to sell up to 4% stake in Paytm worth INR 2,200 Cr through block deals.

A Moneycontrol report, citing sources privy to the development, said that Antfin is expected to sell the shares in the fintech major at a floor price of INR 809.75 per share.

The floor price represents a 6% discount to the closing price of the Paytm stock today.

Multinational brokerage firms Citigroup and Goldman Sachs will be managing the proposed block trade, the report added.

As per today's BSE data, a total of 2.1 Lakh (2,10,081) Paytm shares were traded, with 51,869 shares marked for delivery.

Earlier in 2023, Inc42 reported that Chinese internet giant Ant Group offloade...