Antfin may sell 4% in Paytm for Rs 2,066 crore via block deals: Reports

Chinese e-commerce giant Alibaba group company Antfin is likely to divest up to 4 per cent of its stake in Paytm worth Rs 2,066 crore through block deals, sources privy to the development told CNBC TV18. The Alibaba entity is expected to sell the stakes in the fintech firm at floor price of Rs 809.75/ share. The floor price represents a 6.5 per cent discount to the closing price of the Paytm stock on May 12.

At the end of the March quarter, Antfin (Netherlands) Holding B.V. held a 9.85 per cent stake in One 97 Communications, the parent firm of Paytm.