China's Ant Group sells $246 million worth of Paytm shares in block trade

China's Ant Group has offloaded 25.5 million shares of 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 sources.

By Connect Gujarat Desk 13 May 2025 in Business News

New Update

China's Ant Group sells $246 million worth of Paytm shares in block trade

This is slightly higher than the ₹809.75 price anticipated in an earlier report, which had pegged the stake sale at around 4 per cent for $242 million.

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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