{"id":930100,"date":"2025-05-13T07:29:43","date_gmt":"2025-05-13T01:59:43","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=930100"},"modified":"2025-05-13T07:30:35","modified_gmt":"2025-05-13T02:00:35","slug":"chinas-ant-group-to-sell-4-stake-in-paytm","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/05\/13\/chinas-ant-group-to-sell-4-stake-in-paytm\/","title":{"rendered":"China&#8217;s Ant Group to sell 4% stake in Paytm"},"content":{"rendered":"<p>NEW DELHI: China&#8217;s Alibaba Group is all set to reduce its shareholding in Paytm parent company &#8211; One 97 Communications &#8211; on Tuesday. <\/p>\n<p>According to sources, Alibaba affiliate Ant Group-backed Antfin Netherlands Holding BV will float 2.6 crore shares, representing around 4% equity, in the open market. <\/p>\n<p>The floor price for each share is kept at Rs 809.75, a 6.5% discount to Monday&#8217;s closing prices. Based on this price, the stake sale may fetch the Chinese company about Rs 2,065 crore, based on the minimum price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: China&#8217;s Alibaba Group is all set to reduce its shareholding in Paytm parent company &#8211; One 97 Communications &#8211; on Tuesday. According to sources, Alibaba affiliate Ant Group-backed Antfin Netherlands Holding BV will float 2.6 crore shares, representing around 4% equity, in the open market. The floor price for each share is kept at Rs 809.75, a 6.5% discount to Monday&#8217;s closing prices. Based on this price, the stake sale may fetch the Chinese company about Rs 2,065 crore, based on the minimum price.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[75,4,17],"tags":[],"class_list":["post-930100","post","type-post","status-publish","format-standard","hentry","category-it-2-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/930100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=930100"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/930100\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=930100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=930100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=930100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}