Industrialist Jack Ma’s Ant Financial Has sold its entire 5.84 percent stake in Paytm’s core company One 97 Communications for around Rs 3,803 crore. The company’s stock declined in domestic stock markets after sales. Paytm shares are trading at Rs 1,056.30 on Tuesday. Ant Group has sold shares of One 97 Communications in Noida through its ally Antphin (Netherlands) Holding Biwi. Ant Group was earlier known as Ant Financial. It is an associate company of the Chinese Group Alibaba Group. The ‘Term Sheet’ was reviewed by ‘PTI-language’, according to which the sales include 3.73 crore shares or 5.84 per cent stake in One 97 Communications. These shares were sold at a minimum price of Rs 1,020 per share, which is 5.4 percent less than a closed price of Rs 1,078.20 of Paytm on NSE on Monday.
Vijay Shekhar Sharma has the most shares
According to the ‘Term Sheet’, the size of the deal at a minimum price has been estimated at around Rs 3,803 crore (about 43.4 million US dollars). Goldman Sachs (India) Securities and Citigroup Global Markets India worked as issue management for the deal. Meanwhile, Paytm founder Vijay Shekhar Sharma and his family members are owners of the foreign unit resilient asset management wife, who jointly holds 19.31 percent stake in One 97 Communications. Apart from this, according to shareholding data on BSE, Hong Kong -based private equity company Saif Partners had a 15.34 percent stake in Paytm by June 2025 through two of its associates. In May this year, Chinese Financial Technology giant Ant Group sold more than 2.55 crore shares or four percent stake in One 97 Communications for Rs 2,103 crore.
Alibaba and Ant Financial were the initial investors
Alibaba and Ant Financial were initial investors of Paytm. He invested US $ 85.1 million in it since 2015. The company started selling shares after the Forest 97 Communications was listed in November 2021. Let us tell you that Forest 97 Communications, the company operating Paytm, has recorded its first integrated net profit of Rs 122.5 crore in the first quarter of the current financial year. The company had a net loss of Rs 840 crore in the same quarter of a year ago. The company on Tuesday reported the stock market about the financial results of the April-June 2025 quarter. In this quarter, the company’s integrated operating revenue increased by about 28 percent to Rs 1,917.5 crore. Its revenue was Rs 1,501.6 crore in the April-June 2024 quarter.
Latest business news
