Ant to sell 4% in Paytm for nearly Rs 2.1k crore
Representative image
MUMBAI: In three companies -
One97 Communications
(
Paytm
),
Aether Industries
, and KFin Technologies - institutional shareholders and promoters are selling large chunks of their holdings to raise about Rs 3,900 crore, term sheets for the deals showed.
In Paytm, Antfin (Netherlands) Holding, one of the early investors in the
digital payments
solutions pioneers in India, is selling shares worth about Rs 2,070 crore. Antfin is selling about 4% of the company at a floor price of nearly Rs 810 per share through block deals. In another block deal, General Atlantic Singapore, KFin Technologies' biggest shareholder, is selling about 6.9% in the company for about Rs 1,210 crore.
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