Latest news with #Antfin
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Business Standard
13-05-2025
- Business
- Business Standard
Antfin sells 4% stake in Paytm; General Atlantic offloads 10% stake
Antfin mopped up ₹2,104 crore from the share sale. Shares of Paytm last closed at ₹857, down 1.13 per cent. At the end of March 2025 quarter, Antfin held 9.85 per cent stake in Paytm Premium BS Reporter Listen to This Article Antfin Netherlands Holding on Tuesday divested 4 per cent stake in One 97 Communications (Paytm) through a block deals. The China-headquartered firm sold a total of 25.2 million shares in two equal tranches of at ₹826 apiece and ₹823.3 apiece, data showed. Antfin mopped up ₹2,104 crore from the share sale. Shares of Paytm last closed at ₹857, down 1.13 per cent. At the end of March 2025 quarter, Antfin held 9.85 per cent stake in Paytm.
Hans India
13-05-2025
- Business
- Hans India
Paytm sees large trade order involving 1.7 crore shares, stock falls marginally
Shares of One97 Communications Ltd, the parent company of Paytm, declined marginally on Tuesday after stock worth Rs 2,380 crore changed hands in multiple large trade order involving 1.7 crore shares. While the buyers and sellers in the trade were not known, reports suggested that Alibaba Group's subsidiary Antfin was the likely seller. According to reports, Antfin, the second largest shareholder in One 97 Communications with a stake of 9.85 per cent, sought to offload 4 per cent stake in the financial services major. The fintech giant had set the floor price at Rs 809.75 apiece, marking a 6 per cent discount from the previous close. Multinational investment banks Citigroup and Goldman Sachs are the merchants for this deal, reports NDTV profit. Shares of Paytm fell as much as 4.10 per cent to Rs 830.55 apiece, the lowest level since May 9. It later pared losses to trade 2 per cent lower at Rs 849 apiece. The stock has risen 145.24 per cent in the last 12 months and fallen 16.73 per cent year-to-date. Last week, One97 Communications Limited reported a 15.7 per cent drop in revenue to Rs 1,911.5 crore for the January-March 2025 period (Q4 FY25), compared to Rs 2,267.1 crore in the same quarter of the last fiscal (Q4 FY24). The weaker revenue performance comes despite an increase in other income, which rose by nearly Rs 100 crore to Rs 223.8 crore, as per the company's stock exchange filing. However, that wasn't enough to offset broader pressures, and the company reported a net loss of Rs 544.6 crore for the quarter. In a notable move last month, Paytm CEO Vijay Shekhar Sharma gave up 21 million ESOPs, triggering a one-time non-cash expense of Rs 492 crore. Paytm added that the payments industry is hopeful of regulatory clarity soon on allowing merchant discount rates (MDR) for large UPI transactions, which could help improve margins. In the fourth quarter of FY25, Paytm generated Rs 1,098 crore in revenue from its Payment Services segment, which includes other operating income. The Financial Services segment remained a key growth driver, posting a 9 per cent quarter-on-quarter (QoQ) rise in revenue to Rs 545 crore.
News18
13-05-2025
- Business
- News18
Paytm Shares Drop 4% On Tuesday After Alibaba's Antfin Sells 4% Stake Via Block Deal
Paytm Share Price: Paytm shares falls 4% intraday after Alibaba's Antfin sells 4% stake in the fintech via a block deal. Paytm Share Price: Paytm shares fell 4 per cent intraday on Tuesday after Alibaba Group's Antfin reportedly offloaded 1.7 crore shares (1.4 per cent of equity) in a large block deal. The floor price in the block deal was fixed at Rs 809.75 apiece, reflecting a 6 per cent discount from yesterday's close. The deal is valued around Rs 2,200 crore given the floor price. At 11:00 am, shares of Paytm were down 1.67 per cent to trade at Rs 851.55 apiece, against the previous day close at Rs 866.05 apiece. The scrip opened in red at Rs 842 apiece. The day's low so far stood at Rs 830.55 apiece, reflecting a drop of 4.33 per cent from the previous day close. According to MoneyControl report, After Antfin reduced its stake, Paytm founder Vijay Shekhar Sharma directly owns 9.05 percent of the company and indirectly holds another 10.24 percent through a foreign entity named Resilient Asset Management. Resilient acquired a 10.3 percent stake in Paytm from Antfin, making the founder the largest shareholder in the company. The transaction involved the issuance of Optionally Convertible Debentures with no cash consideration. At the time of the deal, Paytm shares were trading at around Rs 850-890 per share. On May 13, Paytm shares fell further to an intraday low of Rs 830.55 each but later recovered, though they remained below the floor price offered by Antfin. Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. First Published: May 13, 2025, 11:13 IST
Time of India
13-05-2025
- Business
- Time of India
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. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
New Indian Express
12-05-2025
- Business
- New Indian Express
China's Antfin to sell 4% stake in Paytm for Rs 2,065 crore via open market
MUMBAI: China's Alibaba Group is all set to reduce its shareholding in Paytm parent company - One 97 Communications - on Tuesday. As per sources, Alibaba affiliate Ant Group-backed Antfin Netherlands Holding BV will float 2.6 crore shares, which represent around 4% equity, in the open market. The floor price for each share is kept at Rs 809.75, a 6.5% discount to Monday's closing prices. Based on this price, the stake sale may fetch the Chinese company about Rs 2,065 crore, based on the minimum price. Shares of Paytm closed 4% higher at Rs 866.35 on the BSE amid a strong of buying interest seen in the Indian equity market. Antfin has been reducing its stake in Paytm over the years. According to the shareholding pattern data of the company, it owned 9.85% equity in the Indian fintech company as of March 2025. In August 2023, Antfin divested a nearly 3.6% stake for Rs 2,037 crore.
