India, Dec. 2 -- Chinese fintech giant Ant Group is considering selling its 30% stake in Indian digital payment giant Paytm amid border tensions and a toughening policy check in place.

The Ant Group's possible exit from Paytm would mark another reversal for the Chinese company hot on the heels of the dramatic suspension of its $37 Bn stock listing last month, which would have been the world's largest.

Financial details of the possible transaction have not been firmed up and Ant, the Alibaba-backed payments-to-consumer credit behemoth, has not launched a formal sale process yet, four people told Reuters.

Both Ant and Paytm said that the information was incorrect. A Paytm spokesman said, "The information is absolutely false and misleadin...