Alibaba Affiliate Antfin Exits Paytm with ₹3,800 Crore Stake Sale
Antfin (Netherlands) Holding B.V., an Alibaba Group affiliate, plans to sell its entire 5.84% stake in One97 Communications Ltd. (Paytm's parent company) through a bulk deal worth approximately ₹3,800 crore. The offer price is set at ₹1,020.00 per share, a 5.2% discount from the previous closing price. Citigroup Global Market India and Goldman Sachs (India) Securities are facilitating the transaction as bankers.