Paytm stake sale: China’s Ant Group to exit, to sell shares worth Rs 3,800 crore
China’s Ant Group is selling its 5.84 per cent stake in Paytm, says a Reuters report. Ant Group, an Alibaba Group company, will sell its stake in the Indian payments major for an approximate value of Rs 3,800 crore or $433.72 million.
The report says that Ant Group is offloading its stake in Paytm at a floor price of 1,020 per share. Further, Goldman Sachs India Securities and Citigroup Global Markets India will lead the sale, says the Reuters report.
