Jack Ma’s Ant Financial exits Paytm; sells 5.84% stake for Rs 3,803 cr
New Delhi: Billionaire Jack Ma’s Ant Financial on Tuesday exited One97 Communications, the parent company of Paytm, by selling its entire 5.84 per cent stake for around Rs 3,803 crore.
Following the stake sale, shares of One97 Communications fell 1.45 per cent to Rs 1,062.60 apiece on the NSE, while the scrip of the company went lower by 1.23 per cent to Rs 1,065 on the BSE.
Ant Group, through its affiliate Antfin (Netherlands) Holding BV, has offloaded the shares of Noida-based One97 Communications. Ant Group, formerly known as Ant Financial, is an affiliate company of the Chinese conglomerate Alibaba Group.
