Paytm share price falls 3% amid likely ₹2,200 crore stake sale by Antfin via block deal

One97 Communications, parent company of Paytm, saw its share price decline over 3 per cent in early trade on Tuesday, May 13, amid reports that Ant Financial, the fintech arm of Alibaba Group, is planning to offload shares worth around ₹2,200 crore in Paytm’s parent company through block deals today.

According to a CNBC-TV18 report, around 4.1 per cent equity or 1.70 crore shares of Paytm changed hands in a large trade in opening deals today.