China’s Ant Group has offloaded 25.5 million shares of fintech firm Paytm in a block trade, raising approximately $246 million. The shares were sold at \u20b9823.10 ($9.69) apiece, according to a term sheet reviewed by Reuters.<\/p>\n
This is slightly higher than the \u20b9809.75 price anticipated in an earlier report, which had pegged the stake sale at around 4 per cent for $242 million.<\/p>\n
Ant Group, a subsidiary of Alibaba Group, has been gradually reducing its stake in Paytm as part of a broader strategic shift and regulatory pressures in both China and India. In August 2023, Ant sold a 10.3 per cent stake to Paytm\u2019s founder and CEO Vijay Shekhar Sharma. As of March 2025, Ant, through its Netherlands-based arm, Antfin, held approximately 9.85 per cent in Paytm\u2019s parent company, One97 Communications. <\/p>\n
Goldman Sachs and Citigroup managed the transaction, the Reuters report noted. This marks another major sell-off in Paytm over the past two years, which has also seen exits by Berkshire Hathaway and SoftBank Group. <\/p>\n
Losses widen for Paytm in Q4 FY25 <\/p>\n
Last week, One97 Communications reported a reduced year-on-year consolidated loss for the fourth quarter of the financial year 2024-25 (Q4 FY25), posting a net loss of \u20b9540 crore, slightly improved from \u20b9550 crore a year earlier. Loss for the fintech had widened from \u20b9208 crore in the previous quarter due to a one-time employee stock option expense. <\/p>\n
Meanwhile, consolidated revenue from operations fell 16 per cent year-on-year to \u20b91,912 crore, though it rose 5 per cent sequentially from \u20b91,828 crore in the December quarter.<\/p>\n
Shares of Paytm fell nearly 2 per cent to \u20b9851 at 11:45 am on the BSE, following the news of the block trade.<\/p>\n","protected":false},"excerpt":{"rendered":"
China’s Ant Group has offloaded 25.5 million shares of fintech firm Paytm in a block trade, raising approximately $246 million. The shares were sold at \u20b9823.10 ($9.69) apiece, according to a term sheet reviewed by Reuters. This is slightly higher than the \u20b9809.75 price anticipated in an earlier report, which had pegged the stake sale at around 4 per cent for $242 million. Ant Group, a subsidiary of Alibaba Group, has been gradually reducing its stake in Paytm as part of a broader strategic shift and regulatory pressures in both China and India. In August 2023, Ant sold a 10.3 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-930280","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/930280","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=930280"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/930280\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=930280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=930280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=930280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}