China's Ant Group sells 3.6% stake in Paytm for 2,037 crore

China’s Ant Group sells 3.6% stake in Paytm for 2,037 crore

Antfin, the Netherlands-based arm of Chinese fintech giant Ant Group, has sold a 3.6% stake in Paytm for 2,037 crore. The shares were offloaded in 14 tranches at an average price of 895.2 apiece, according to the block deal data on BSE. Recently, Paytm CEO Vijay Shekhar Sharma had agreed to buy a 10.3% stake in the company from Antfn.

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