Antfin to sell up to 4% stake in Paytm for $242 million

Antfin (Netherland) Holding, which had a 9.87 per cent stake in Paytm at the end of March, will sell up to 2.55 crore shares with a floor price of ₹809.75 per share
| Photo Credit:
FRANCIS MASCARENHAS

Antfin, an affiliate of China’s Alibaba group, will be selling about 4 per cent stake in One 97 Communications for $242 million in a block deal on Tuesday, according to a term sheet viewed by businessline.

Antfin (Netherland) Holding, which had a 9.87 per cent stake in Paytm at the end of March, will sell up to 2.55 crore shares with a floor price of ₹809.75 per share, which is at a 6.5 per cent discount to the closing price of the stock on May 12.

The fintech reported a net loss of ₹540 crore in the March quarter, very little changed from the ₹550 crore loss reported year ago. Its revenue fell to ₹1,911 crore from ₹2,267 crore year ago. In the December quarter, it had reported a loss of ₹208 crore. The bottomline was hit by charges of ₹522 crore for ESOP expenses and for other impairments.

Published on May 12, 2025