Paytm shares slide 5 per cent as Ant Financial offloads 4.1 per cent stake via block deal
Paytm shares plunged 5% following reports that Ant Financial, a subsidiary of Alibaba Group, sold a 4.1% stake in the company through a block deal valued at approximately Rs 2,200 crore. This sale reduces Ant Group’s holding to below 6%. The sell-off occurs amidst Paytm’s efforts to achieve breakeven, despite reporting a net loss in Q4 FY25.🕒 1 min read
Paytm shares plunged 5% following reports that Ant Financial, a subsidiary of Alibaba Group, sold a 4.1% stake in the company through a block deal valued at approximately Rs 2,200 crore. This sale reduces Ant Group’s holding to below 6%. The sell-off occurs amidst Paytm’s efforts to achieve breakeven, despite reporting a net loss in Q4 FY25.Continue Reading
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