🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Antfin completes 3.6% stake sale in Paytm

IndianStartupNews

IndianStartupNews · 2y ago

Antfin completes 3.6% stake sale in Paytm

Antfin (Netherlands) Holdings, founded by Jack Ma, has sold a 3.6% stake in Paytm for Rs 2,097 crore ($280 million). The investment firm offloaded 2.27 crore shares at Rs 895.20 per share. This follows Paytm CEO Vijay Shekhar Sharma's acquisition of a 10.30% stake through his overseas entity, raising his holding to 19.42%. Paytm recently reported a 39% YoY growth in revenue to Rs 2,342 crore and a 167% YoY growth in loans disbursed to Rs 14,875 crore.

Related News

Vijay Shekhar Sharma Becomes Paytm’s Significant Beneficial Owner After Antfin Reduces Stake

Inc42 · 1y ago

Vijay Shekhar Sharma Becomes Paytm’s Significant Beneficial Owner After Antfin Reduces Stake

Antfin, an affiliate of China's Ant Group, reduced its stake in Paytm from 23.79% to 9.90%, making Paytm founder Vijay Shekhar Sharma the significant beneficial owner with a 19.42% stake. Antfin sold a 3.6% stake for INR 2,037 Crores. This follows Ant Group's ongoing reduction of its stake in Paytm. Paytm reported a 45% YoY decrease in net loss and a 39% increase in operating revenue in Q1 2023. Paytm's stock received positive ratings from brokerages like Goldman Sachs, Citi, and CLSA, with increased target prices.

Paytm shares fall 3% to ₹875 after Antfin sells 3.6% stake

Money Control

Money Control · 2y ago

Paytm shares fall 3% to ₹875 after Antfin sells 3.6% stake

On Monday, the shares of One97 Communications, the parent company of Paytm, experienced a decline of approximately 3%, reaching a value of ₹875.05. This decline follows the sale of a 3.6% stake in the Indian startup by Antfin, the Netherlands-based subsidiary of Jack Ma's Ant Group. The stake was sold for ₹2,037 crore through open market transactions, with buyers including Goldman Sachs (Singapore), Morgan Stanley Asia Singapore, and Societe Generale.

Antfin trims stake in Paytm by 4% in open market sale

YourStory

YourStory · 3m ago

Antfin trims stake in Paytm by 4% in open market sale

Antfin (Netherlands) Holding B.V. reduced its stake in One 97 Communications Ltd., Paytm's parent company, by selling 4% of shares in an open market transaction. This sale decreased Antfin's stake from 9.84% to 5.84%, maintaining 37.3 million shares. Previously, Ant Group transferred voting rights to Paytm's CEO Vijay Shekhar Sharma, who bears a 19.4% stake. Ant Group initially invested in Paytm in 2015, holding significant shares over the years.

Paytm shares rise 7% as CEO to buy ₹5,195-crore stake from Antfin

ABPLive

ABPLive · 2y ago

Paytm shares rise 7% as CEO to buy ₹5,195-crore stake from Antfin

Paytm's stock surged by 7% in the morning hours of Monday. This follows the announcement that Paytm's CEO, Vijay Shekhar Sharma, will acquire a 10.30% stake in the company from Antfin (Netherlands) Holding BV for $628 million (₹5,195 crore). As a result of this deal, Sharma will surpass Antfin as the largest shareholder of Paytm. Remarkably, Paytm's shares have recorded an almost 50% increase year-to-date.

Paytm block deal: 2.9% equity changes hands, Antfin likely exits - The Economic Times

Economic Times

Economic Times · 24d ago

Paytm block deal: 2.9% equity changes hands, Antfin likely exits - The Economic Times

Antfin (Netherlands) Holding B.V. plans to sell a 2.90% equity stake in Paytm through a block deal, involving 1.86 crore shares valued at Rs 3,803.3 crore, priced at Rs 1,020 per share, reflecting a 5.4% discount to Paytm’s last closing price. This secondary transaction means Paytm will not receive proceeds. Citigroup Global Markets India and Goldman Sachs (India) Securities are the placement agents. The deal is expected to settle on August 6, 2025.

SoftBank completes nearly $600 mn India exit with neat profit

VCCircle

VCCircle · 1y ago

SoftBank completes nearly $600 mn India exit with neat profit

Japanese technology investment giant SoftBank has successfully completed its exit from the Indian market, raking in a profit of nearly $600 million. The company has been actively offloading its shares in Indian startups such as Paytm, FirstCry, Delhivery, and Zomato. Despite potentially experiencing a decrease in value from its partial sale of Paytm, SoftBank's overall exit from the Indian market has been profitable.

SoftBank fully exits Paytm at higher-than-expected net loss of $264.8 Million

YourStory

YourStory · 8m ago

SoftBank fully exits Paytm at higher-than-expected net loss of $264.8 Million

SoftBank Group has finalized its exit from Indian fintech company Paytm by selling its Singapore subsidiary's stake in PayPay Corporation to a SoftBank Vision Fund 2 entity for $279.2 million. This transaction severs all investment ties between SoftBank Group and Paytm. SoftBank had already sold its direct stake in Paytm earlier in 2024, incurring a loss of $544 million. The sale of PayPay stake in Paytm was projected to fetch proceeds of $390-450 million, but the lower sale price results in a final net loss of $264.8 million for SoftBank.

Antfin likely to offload entire Rs 5,368 cr stake in Eternal via block deal: Report - The Economic Times

Economic Times

Economic Times · 23d ago

Antfin likely to offload entire Rs 5,368 cr stake in Eternal via block deal: Report - The Economic Times

Antfin Singapore, affiliated with Ant Group, intends to sell its entire 1.95% stake in Eternal, equivalent to 18.84 crore shares, through a block deal. The shares are priced at Rs 285 each, totaling approximately Rs 5,368 crore. This move follows Antfin's recent divestment from Paytm. This significant business shift highlights Antfin's strategic reallocation of resources within the Indian market. More details are forthcoming.

SoftBank Again Offloads Stake In Paytm, Sells 1.37 Cr Shares

Inc42 · 1y ago

SoftBank Again Offloads Stake In Paytm, Sells 1.37 Cr Shares

Japanese tech conglomerate SoftBank has sold over 2% stake in fintech giant Paytm through open market transactions. Between January 23 and February 26, SoftBank sold 1.37 crore shares, reducing its stake in Paytm from 5.01% to 2.83%. This is the second stake reduction by SoftBank in Paytm this year, following a 2% stake sale in January. SoftBank has been steadily reducing its stake in Paytm as well as other listed companies in its portfolio. The fair value of SoftBank's India investment portfolio stood at nearly $14 billion as of December 2023.

Antfin Singapore to sell Zomato shares worth ₹3,420 cr: Report

Inshorts · 1y ago

Antfin Singapore to sell Zomato shares worth ₹3,420 cr: Report

Antfin Singapore Holding, an arm of Alibaba Group, is planning to sell 1.54% stake in Zomato worth ₹3,420 crore, through block deals, reported CNBC-TV18. Antfin had 4.3% stake in Zomato as of June 30, 2024, the National Stock Exchange data showed. The floor price for the block deals has been fixed at ₹251.68 per share, the report added.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.