Shares of Paytm (One 97 Communications Ltd.) will be in the spotlight today after reports confirmed that Antfin (Netherlands) Holding B.V., an Alibaba group entity, is set to offload its entire 5.84% stake in the company through a block deal.
The transaction, as reported by CNBC Awaaz, will be executed at a floor price of ₹1,020 per share, translating into a total deal size of approximately ₹3,800 crore. Sources indicate that the deal is being structured as a clean-out trade, with Citi acting as the broker for the transaction.
This development marks the full exit of Antfin from Paytm, continuing the trend of Chinese investors paring down their stakes in Indian tech companies over recent years. Antfin has been gradually reducing its exposure to the fintech major post its IPO.
Investors and market participants will closely watch Paytm’s stock movement during the session amid the large supply overhang.
Disclaimer: This article is based on publicly reported information and block deal data. It does not constitute investment advice. Please consult with a financial advisor before making investment decisions.
