New Delhi, May 12 -- Antfin, an Alibaba Group entity, will divest a 4% stake in Indian fintech firm Paytm through a block deal on 13 May, according to a term sheet.

The transaction, valued at about Rs.2,066 crore, will be managed by Goldman Sachs (India) Securities and Citigroup Global Markets India, the term sheet filed with the National Stock Exchange showed. The offer floor price for sale of about 25.5 million shares has been set at Rs.809.75 apiece, a 6.5% discount to Paytm's parent One97 Communications Ltd's closing price of Rs.866.05 on the NSE on 12 May.

The issue includes a complete secondary sale of shares, with no primary funding raised by Paytm in the transaction, the document showed.

This comes at a time when Paytm's stock ...