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Antfin Holding BV, part of Alibaba Group, plans to sell its remaining 5.84% stake in One 97 Communications, parent company of fintech major Paytm, through an INR 3,800 Cr clean-out block deal
The floor price for the sale is set at INR 1,020 per share, a 5.4% discount on Monday’s closing price of INR 1,078.30 on the BSE
The transaction, which is expected to be executed in a single tranche, would mark Antfin’s complete exit from the Indian fintech firm
Antfin Holding…
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Antfin Holding BV, part of Alibaba Group, plans to sell its remaining 5.84% stake in One 97 Communications, parent company of fintech major Paytm, through an INR 3,800 Cr clean-out block deal
The floor price for the sale is set at INR 1,020 per share, a 5.4% discount on Monday’s closing price of INR 1,078.30 on the BSE
The transaction, which is expected to be executed in a single tranche, would mark Antfin’s complete exit from the Indian fintech firm
Antfin Holding…
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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