China’s Ant Group to exit Paytm: Report
China’s Ant Group will exit Indian payments firm Paytm by selling its remaining equity stake in block deals that could total $433.72 million, according to a term sheet seen by Reuters on Monday.
Ant, an affiliate of Chinese conglomerate Alibaba Group , will sell its 5.84% stake at a floor price of 1,020 rupees per share.
Goldman Sachs India Securities and Citigroup Global Markets India will lead the sale, the term sheet showed.
