Antfin (Netherlands) Holding B.V., one of the largest shareholders in One 97 Communications (Paytm), is set to sell its entire 5.84 percent stake in the company through a block deal on Indian stock exchanges on August 5, according to deal terms reviewed by Moneycontrol.
The proposed transaction involves the sale of up to 3.77 crore equity shares, amounting to 5.84% of Paytm’s outstanding equity. The floor price has been set at Rs 1,020 per share — a 5.4% discount to Paytm’s last closing price of Rs 1,078.20 on August 4 on the NSE. The total deal size is pegged at Rs 3,803 crore.
This is a pure secondary market transaction with no fresh equity issuance by Paytm. According to sources cited by Moneycontrol, the sale is being termed a “clean-up trade” with no post-deal lock-in requirement.
Citigroup Global Markets India and Goldman Sachs (India) Securities are acting as placement agents for the transaction. The order book opens at 7 AM IST on August 5, with an option to close earlier depending on investor demand. Shares are expected to settle on August 6 on a T+1 basis.
Antfin has been steadily reducing its holding in Paytm over the past two years. This latest sale follows earlier block deals, including one in August 2023, when it sold shares worth around Rs 1,371 crore. The move is aligned with Antfin’s broader effort to cut exposure, in line with regulatory views concerning long-term Chinese-origin investments.
