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Antfin to sell 3.6% stake in Paytm via block deal: Report
Economic Times
·
1y ago
Medial
The transaction, which will be done at Rs 880.1 apiece, will see Antfin offload about 2.3 crore shares. On closing of this deal, CEO Vijay Shekhar Sharma's holding will increase to 19.42%, becoming the largest shareholder, whereas Antfin's will reduce to 13.5%
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Related News
Zomato Block Deal: Antfin Singapore to sell $408M in shares
Inshorts
·
11m ago
Medial
Amid Zomato’s bull run on the bourses, Ant Group’s arm Antfin Singapore is reportedly looking to sell the foodtech giant’s shares worth $408 Mn (INR 3,422.84 Cr). As per a report by CNBC-TV18, Antfin Singapore intends to sell 13.6 Cr shares, or a 1.54% stake, via a block deal on Tuesday (August 19).
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Antfin Singapore to sell Zomato shares worth ₹3,420 cr: Report
Inshorts
·
11m ago
Medial
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.
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Paytm block deal: 2.9% equity changes hands, Antfin likely exits - The Economic Times
Economic Times
·
3d ago
Medial
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.
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Antfin likely to offload entire Rs 5,368 cr stake in Eternal via block deal: Report - The Economic Times
Economic Times
·
2d ago
Medial
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.
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Vijay Shekhar Sharma Becomes Paytm’s Significant Beneficial Owner After Antfin Reduces Stake
Inc42
·
1y ago
Medial
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.
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Antfin completes 3.6% stake sale in Paytm
IndianStartupNews
·
1y ago
Medial
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.
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China's Ant Group to exit Paytm: Report - The Economic Times
Economic Times
·
4d ago
Medial
China's Ant Group plans to sell its remaining 5.84% stake in Indian fintech company Paytm via block deals valued at approximately $433.72 million. This decision comes amid growing regulatory scrutiny and geopolitical tensions, reflecting a broader trend of diminishing Chinese investments in India's digital payments industry.
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M&M block deal | Shares worth Rs 2,184 crore change hands; promoter likely seller
Money Control
·
1y ago
Medial
Shares of Mahindra and Mahindra (M&M) declined over 4% after a block deal involving 1.1 crore shares, or a 0.9% stake in the company, was completed on March 7. The stake sale was done at a floor price of INR 1,924 per share, totaling a transaction value of INR 2,184 crore. M&M's promoter group, PMSP Ltd, owns 11.64% of the company and was reportedly looking to sell around 0.75% stake for around $215 million via a block deal.
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Paytm shares fall 3% to ₹875 after Antfin sells 3.6% stake
Money Control
·
1y ago
Medial
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.
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Paytm shares rise 7% as CEO to buy ₹5,195-crore stake from Antfin
ABPLive
·
2y ago
Medial
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.
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