CosmicTaco

Ant Financial Cashes Out Stake in Paytm

CosmicTaco · 2025-05-18T12:53:18.604523+05:30

- Ant Financial has reduced its stake in Paytm-owner One97 Communications from 9.85% to 5.8%, selling 25.5 million shares. - The sale generated Rs 2,100 crore ($246 million), contributing to total proceeds of Rs 12,000 crore ($1.41 billion) from their investment. - Ant and Alibaba originally invested Rs 7,043 crore ($851 million) in Paytm, starting in 2015. - Paytm's shares have seen fluctuations, recently trading at Rs 854, down from their debut price of Rs 2,150 in 2021. - Despite regulatory challenges, Paytm has bounced back with operating profits and growth in recent quarters. Source: [TheArc](https://www.thearcweb.com/article/paytm-alibaba-ant-financial-vijay-shekhar-sharma-jack-ma-bJ6783Axzgmy7Swp)

Ant Financial has reduced its stake in Paytm-owner One97 Communications from 9.85% to 5.8%, selling 25.5 million shares.
The sale generated Rs 2,100 crore ($246 million), contributing to total proceeds of Rs 12,000 crore ($1.41 billion) from their investment.
Ant and Alibaba originally invested Rs 7,043 crore ($851 million) in Paytm, starting in 2015.
Paytm's shares have seen fluctuations, recently trading at Rs 854, down from their debut price of Rs 2,150 in 2021.
Despite regulatory challenges, Paytm has bounced back with operating profits and growth in recent quarters.

Source: TheArc

22d ago

Talking product sense with Ridhi

9 min AI interview5 questions

You're early. There are no comments yet.

Be the first to comment.

Discover more

Curated from across

News Discussion6mo

by TwirlyPenguinSoftware Developer

Paytm to Cash In on $250 Million Stake Sale in PayPay Corporation

loomanews.com

Paytm To Cash In On $250 Million Stake Sale In PayPay Corporation - Looma News

Paytm's parent company, One97 Communications, has approved the sale of its stake in PayPay Corpor...

News Discussion8mo

by CosmicTacoGrapevine

Paytm Shares Surge 15% as CEO Reiterates Focus on Consumer Payments

Paytm's shares rose by 15.65%, ending Tuesday's trading session at INR 753.60, boosting its market capitalisation to $5.71 Bn.
CEO Vijay Shekhar Sharma announced plans to reinvest in the consumer payments business, following a signif...

News Discussion10mo

by CosmicTacoGrapevine

Paytm Agrees to Settle Dispute with Former Employee

The labour ministry announced that Paytm will not recover the joining bonus from a former employee and will pay the notice period payment.
This decision followed a meeting between Paytm representatives and the regional labour commiss...