Alibaba entity launches block deal to sell 5.84% stake in Paytm for Rs 3,800 crore; marking full exit for Chinese investor

Alibaba entity likely to sell entire 5.84% stake in Paytm for Rs 3,800 crore via block deal: CNBC-Awaaz

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26 Aug, 2025 12:21

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Antfin (Netherlands) Holding B.V., one of the largest shareholders in One 97 Communications (Paytm), is set to sell its entire 5.84 percent stake worth Rs 3,803 crore in the company via a block deal on Indian stock exchanges on August 5, according to deal terms reviewed by Moneycontrol.

The proposed sale involves up to 3.77 crore equity shares, representing 5.84% of Paytm’s total outstanding shares. The floor price has been fixed at Rs 1,020 per share, which is a 5.4 percent discount to Paytm’s last closing price of Rs 1,078.20 on August 4 on the NSE.

This is a pure secondary transaction, with no fresh issuance of equity by the company. The sale has been described as a “clean-up trade” with no post-deal lock-in requirement.

Citi, Goldman are likely to be onboarded as placement agents, according to the deal terms seen by Moneycontrol.

Paytm did not offer comments for the story.

Citigroup Global Markets India and Goldman Sachs (India) Securities are acting as placement agents for the transaction. The order book opens at 7 AM IST on August 5, with an option to close earlier depending on investor demand.

Shares are expected to settle on August 6 on a T+1 basis.

Antfin has gradually pared its stake in Paytm over the last two years. This latest Rs 3,803 crore sale comes after earlier block deals, including one in August 2023, when Antfin sold shares worth around Rs 1,371 crore. The move is part of its ongoing efforts to reduce exposure and aligns with regulatory sentiment around long-term Chinese-origin investors.

Meanwhile, Paytm has reported improved operating metrics in Q1 FY26, including narrower losses. It has exited the DLG-backed lending model and now operates purely as a distribution platform for loan products, while working to stabilise its merchant and consumer lending business.