Ant Group sells 3
时间:2024-06-26 07:04:55 阅读(143)
A subsidiary of Chinese fintech giant Ant Group on Friday sold a 3.6 per cent stake in Paytm for Rs 2,037 crore through open market transactions.
The shares of Paytm’s parent One97 Communications was sold by Antfin (Netherlands) Holding BV.
Antfin offloaded a total of 2,27,54,823 shares in 14 tranches, amounting to a 3.58 per cent stake in One97 Communications, according to the block deal data available with the BSE.
The shares were sold at an average price of Rs 895.2 apiece, taking the combined transaction value to Rs 2,037 crore.
Post the transactions, Antfin shareholding has declined to 20.21 per cent from 23.79 per cent stake in the company at the end of June quarter, as per shareholding data available with the exchange.
Shares of One97 Communications fell 0.54 per cent to close at Rs 899.30 per piece on the BSE.
Ant Group is part of Jack Ma’s Alibaba Group.
Last week, Antfin transferred its 10.3 per cent stake in One97 Communications to the fintech firm’s founder and CEO Vijay Shekhar Sharma.
The deal turned One97 Communications, which operates under Paytm brand name, into a majorly indian-owned company from being majorly owned by Chinese entities.
However, Antfin will continue to hold the economic rights of the stake that is being transferred to Sharma.
In January this year, Alibaba’s affiliate Alibaba Singapore E-commerce divested a nearly 3 per cent stake in mobile payments and financial services company for Rs 1,031 crore
上一篇:Rupee likely to drift higher towards 77 levels on spot this week; USDINR pair to trade in this range
下一篇:Wipro, Reliance Industries, Tata Motors, Bank of Baroda, Ujjivan Small Finance Bank stocks in focus
猜你喜欢
- RT India rolls out its first multi-stage integrated advertising campaign to India
- Sensex, Nifty end in red for 3rd day in a row, dragged by hawkish Fed; momentum weak, watch this key support
- Rupee likely to depreciate on strong dollar, bond yields; USDINR to trade with positive bias in this range
- Rupee edges 4 paise lower at 83
- Sensex extends up-move, ends at 59462, Nifty just shy of 17700; check support, resistance for next week
- India & Sri Lanka discuss early launch of UPI payment system
- Rupee likely to depreciate on strong dollar, risk aversion in markets; USDINR pair to trade in this range_3
- Sensex, Nifty crash- Investors wealth tumbles over Rs 4
- Sebi to auction two properties of Swar Agrotech on August 7