Shares of One97 Communications, the parent company of digital payments platform Paytm, slipped over 3% in early trade on Tuesday following reports that Ant Financial, the fintech arm of China’s Alibaba Group, is set to offload shares worth approximately ₹2,200 crore through block deals.
According to a CNBC-TV18 report, nearly 1.7 crore shares—equivalent to about 4.1% equity in Paytm were traded in a large transaction during the opening session. At 9:20 am, Paytm's stock was down 3.04%, trading at ₹839.70, compared to Monday’s closing price of ₹866.05.
The shares are reportedly being offered at a base price of ₹809.70 apiece, representing a discount of around 6.4% from the previous day’s close. Ant Financial, which held a 9.85% stake in Paytm as of the March 2025 quarter through its Netherlands-based entity Antfin (Netherlands) Holding B.V., is expected to sell about 4% of its holding.
Goldman Sachs (India) Securities Pvt Ltd and Citigroup Global Markets India Pvt Ltd are acting as placement agents for the transaction, according to sources.
Paytm Q4FY25 Results: Loss Narrows Marginally.
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On the earnings front, One97 Communications reported a consolidated net loss of ₹540 crore for the fourth quarter of FY25, a slight improvement from the ₹550 crore loss recorded in the same period last year. The company noted that, excluding exceptional items, the net loss was significantly lower at ₹23 crore, signaling progress toward breaking even on a profit-after-tax (PAT) basis.
The anticipated block deal and marginal narrowing of losses come at a crucial time for Paytm, which has been under investor scrutiny amid changing regulatory dynamics and competitive pressure in the fintech space.
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