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News on Medial
Paytm shares fall 3% to ₹875 after Antfin sells 3.6% stake
Money Control
·
2y 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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Vijay Shekhar Sharma Becomes Paytm’s Significant Beneficial Owner After Antfin Reduces Stake
Inc42
·
2y 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
·
2y 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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Antfin trims stake in Paytm by 4% in open market sale
YourStory
·
3m ago
Medial
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.
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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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Antfin likely to offload entire Rs 5,368 cr stake in Eternal via block deal: Report - The Economic Times
Economic Times
·
1m 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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Paytm block deal: 2.9% equity changes hands, Antfin likely exits - The Economic Times
Economic Times
·
1m 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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Zomato Block Deal: Antfin Singapore to sell $408M in shares
Inshorts
·
1y 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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Startup news and updates: Daily roundup (August 6, 2025)
YourStory
·
1m ago
Medial
India's manufacturing sector aims to increase its global trade share to 3% by 2030, driven by advanced manufacturing and growth in orders. Cyber frauds have soared, prompting solutions like Drona Pay’s real-time fraud detection. Antfin sold its entire Paytm stake for Rs 3,980 crore. Key funding news includes The Sleep Company raising Rs 480 crore, DesignX securing $2 million, and Cautio obtaining $1.8 million to bolster road safety technology. Notable leadership updates and partnerships were also announced.
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Paytm Touches Upper Circuit In Fourth Straight Session - StartupNews.fyi
Startup News FYI
·
1y ago
Medial
Paytm shares have seen a respite from their sharp fall following the Reserve Bank of India's (RBI) crackdown on Paytm Payments Bank. The extension of the business restrictions deadline to 15 March and the announcement of shifting the nodal account to Axis Bank have provided some optimism to the company's shareholders. Since Friday, Paytm shares have gained 21.5%. This comes after the RBI issued a notification on 31 January barring Paytm Payments Bank from banking services, which caused concerns among investors and brokerages. Despite this, Bernstein maintains an 'outperform' rating and a PT of INR 600 for Paytm.
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China’s Antfin pulls out over $340 mn more from Zomato
VCCircle
·
1y ago
Medial
Antfin, a subsidiary of Alibaba Group and part of Ant Group founded by Jack Ma, has sold around 176.4 million shares of Zomato, an Indian food delivery company. The sale, amounting to about a 2% stake, was conducted through bulk deals and fetched approximately $341 million. Morgan Stanley was one of the buyers, acquiring 56.8 million shares for around $109 million. Antfin's stake in Zomato now stands at 6.42% after the recent sell-off. Other investors, including SoftBank Group and Tiger Global, have also sold their stakes in Zomato in the recent past.
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