Ant Group sells 4% stake in Paytm

Ant Group, part of Chinese global conglomerate Alibaba Group, sold 4% stake in digital payments firm Paytm’s parent One97 Communications through block deals on Tuesday.

Shares were sold in the price range of Rs 823.30-Rs 836.04 each, reflecting a 5-6% discount to the market price, according to BSE filings. The sale comes amid shifting geopolitical dynamics and portfolio rebalancing by foreign investors.