Overview
- Antfin sold approximately 4% of its stake in Paytm's parent company, One97 Communications, reducing its holding from 9.85% to 5.85%.
- The transaction, valued at ₹2,066 crore, was executed at a floor price of ₹809.75 per share, a 6.5% discount to the prior closing price.
- Paytm shares initially fell nearly 5% to ₹823.10 on the BSE before recovering some losses to trade 2.36% lower at ₹845.90.
- Goldman Sachs India Securities and Citigroup Global Markets India managed the block deal, with 25.5 million shares changing hands across exchanges.
- Paytm recently reported a ₹540 crore net loss for Q4 FY25, alongside a 16% year-on-year revenue drop, but management projects profitability in the next quarter.