The Chinese Fintech Antfin giant is likely to sell up to 4% of its participation in the PAYTM digital payment company thanks to block agreements evaluated at 2,066 crore, according to a MoneyControl report.
The transaction floor price is set at 809.75 ₹ per share, which represents a 6.5% discount at the current paytm market, added the report.
Since the March quarter, Antfin (Netherlands) Holding BV held a participation of 9.85% in One 97 Communications LTD, the parent company of PayTM, shows exchange data.
Last week, a 97 communications declared a consolidated loss of narrower annual shift for the fourth quarter (fourth quarter) for the year 2024-25 (FY25). The digital payment company displayed a loss of 540 crosses for the quarter of Jan-Mar, down compared to a loss of 550 crore ₹ in the same quarter last year.
However, the loss was sequentially widened from 208 sterling books in the December quarter due to a single cost of purchasing purchase option, resulting in broader loss compared to the previous quarter.
Consolidated operations revenues dropped by 16% to 1,912 from ₹ in annual shift in the fourth quarter, compared to 2,267 sterling books. Sequentially, income has increased slightly 5% against 1,828 crore.
