Shares of One97 Communications fell 5% to their day’s low of Rs 823.10 on the BSE in Tuesday's early trade, after Ant Financial, the fintech subsidiary of Alibaba Group, likely sold 1.70 crore shares of the company, offloading an equity stake of 4.1% via a block deal.
The official parties of the transaction are not yet known.
Ant Financial was set to sell shares worth approximately Rs 2,200 crore in the parent company of Paytm through block deals, as per earlier reports. The shares were reported to be offered at a floor price of Rs 809.7 each, representing a 6.4% discount to Paytm’s Monday closing price of Rs 866.
Ant Financial previously held a 9.85% stake in Paytm. Ant Group, formerly known as Ant Financial, is an affiliate of the Chinese conglomerate Alibaba Group.
According to sources, investment banking firms Goldman Sachs (India) Securities Pvt Ltd and Citigroup Global Markets India Pvt Ltd are acting as the placement agents for the stake sale.
Paytm Q4 Results
One97 Communications, which operates the fintech platform Paytm, reported a consolidated net loss of Rs 540 crore in Q4FY25, slightly lower than the Rs 550 crore loss in the same quarter last year. The loss is attributable to the owners of the parent company.
Paytm stated that its profit after tax (PAT), excluding exceptional items, is now nearing breakeven. Adjusted for these items, the net loss stood at Rs 23 crore for the quarter. Exceptional items for Q4FY25 amounted to Rs 522 crore, including a Rs 492 crore charge related to accelerated ESOP expenses and Rs 30 crore towards other impairments.
Paytms share price
Paytm’s stock rose 4% during Monday’s session on the BSE. Shares of the company offered 148% returns in the last one year, meanwhile, the stock gained 68% in the last three years.
The official parties of the transaction are not yet known.
Ant Financial was set to sell shares worth approximately Rs 2,200 crore in the parent company of Paytm through block deals, as per earlier reports. The shares were reported to be offered at a floor price of Rs 809.7 each, representing a 6.4% discount to Paytm’s Monday closing price of Rs 866.
Ant Financial previously held a 9.85% stake in Paytm. Ant Group, formerly known as Ant Financial, is an affiliate of the Chinese conglomerate Alibaba Group.
According to sources, investment banking firms Goldman Sachs (India) Securities Pvt Ltd and Citigroup Global Markets India Pvt Ltd are acting as the placement agents for the stake sale.
Paytm Q4 Results
One97 Communications, which operates the fintech platform Paytm, reported a consolidated net loss of Rs 540 crore in Q4FY25, slightly lower than the Rs 550 crore loss in the same quarter last year. The loss is attributable to the owners of the parent company.
Paytm stated that its profit after tax (PAT), excluding exceptional items, is now nearing breakeven. Adjusted for these items, the net loss stood at Rs 23 crore for the quarter. Exceptional items for Q4FY25 amounted to Rs 522 crore, including a Rs 492 crore charge related to accelerated ESOP expenses and Rs 30 crore towards other impairments.
Paytms share price
Paytm’s stock rose 4% during Monday’s session on the BSE. Shares of the company offered 148% returns in the last one year, meanwhile, the stock gained 68% in the last three years.
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