China's Ant Group sells $246 million worth of Paytm shares in block trade
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China's Ant Group has offloaded 25.5 million shares of Indian fintech firm Paytm in a block trade, raising approximately $246 million. The shares were sold at ₹823.10 ($9.69) apiece, according to a term sheet reviewed by Reuters.
Ant Group, a subsidiary of Alibaba Group, has been gradually reducing its stake in Paytm as part of a broader strategic shift and regulatory pressures in both China and India. In August 2023, Ant sold a 10.3 per cent stake to Paytm’s founder and CEO Vijay Shekhar Sharma. As of March 2025, Ant, through its Netherlands-based arm, Antfin, held approximately 9.85 per cent in Paytm’s parent company, One97 Communications.
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Prime Minister Narendra Modi is set to address the nation at 8 pm today (12 May). This will be his first address after the Indian armed forces launched 'Operation Sindoor' in retaliation against the April 22 Pahalgam terror attack.
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