Ant Financial exits Paytm; sells 5.84% for Rs 3,803 crore
Jack Ma
's
Ant Financial
on Tuesday exited
One97 Communications
, the parent company of
Paytm
, by selling its entire 5.84% stake for around ₹3,803 crore.
Following the
stake sale
, shares of One97 Communications fell 1.45% to ₹1,062 apiece on
NSE
, while the scrip of the company went lower by 1.23% to ₹1,065 on BSE.
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Ant Group, through its affiliate Antfin (Netherlands) Holding BV, has offloaded the shares of Noida-based One97 Communications. Ant Group, formerly known as Ant Financial, is an affiliate company of the Chinese conglomerate Alibaba Group.
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