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Chinese investor Ant Group may exit Paytm after offloading 5.84% stake
Mumbai
Chinese investor Ant Group is expected to exit fintech major Paytm by offloading its remaining 5.84% stake through block deals worth approximately $434 million, according to a report by Reuters.
Ant is anticipated to sell the stake at a floor price of ₹1,020 per share.
This represents a 5.4% discount to Paytm's closing price of ₹1,078.30 per share on August 4 on the Bombay Stock Exchange (BSE).
Goldman Sachs India Securities and Citigroup Global Markets India are expected to lead the sale.
In May, it sold about 4% of its total holding in Paytm operator One97 Communications. As of the March 2025 (Q4FY25) quarter, its stake in the company stood at 9.85%.
In August 2023, it had offloaded a 10.3% stake in the company. Prior to that, the investor held a 23.79% stake in Paytm as of the June 2023 (Q1FY24) quarter, according to data from the BSE.
The sale of the stake comes amid regulatory scrutiny regarding investments by Chinese-origin investors.
The first quarter of 2025-26 (Q1FY26) turned profitable for One97 Communications, the parent company of fintech player Paytm, after a steep loss of ₹838.9 crore in Q1FY25.
The net profit of ₹122.5 crore in Q1FY26 was largely driven by sharp cost controls. The fintech firm had posted a net loss of ₹539.8 crore in Q4FY25.
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