Alibaba’s Antfin Likely To Divest 4% Stake In Paytm For INR 2,200 Cr

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SUMMARY

Alibaba’s group firm Antfin is likely to sell nearly a 4% stake in the fintech firm at a floor price of INR 809.75 per share

According to BSE data for May 12, 2025, a total of 2.1 Lakh (2,10,081) Paytm shares were traded, with 51,869 shares marked for delivery

The development comes at a time when Paytm is intensifying its push towards profitability. Currently, it is focussing on its key businesses– payments, lending, and merchant services

Chinese tech giant Alibaba group’s company Antfin is reportedly looking…



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Alibaba’s Antfin Likely To Divest 4% Stake In Paytm For INR 2,200 Cr


SUMMARY

Alibaba’s group firm Antfin is likely to sell nearly a 4% stake in the fintech firm at a floor price of INR 809.75 per share

According to BSE data for May 12, 2025, a total of 2.1 Lakh (2,10,081) Paytm shares were traded, with 51,869 shares marked for delivery

The development comes at a time when Paytm is intensifying its push towards profitability. Currently, it is focussing on its key businesses– payments, lending, and merchant services

Chinese tech giant Alibaba group’s company Antfin is reportedly looking…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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