Ant Group, an affiliate of the Alibaba Group, has sold a 4% stake in Indian payments firm Paytm for $246m, reported Reuters, citing a term sheet.
The shares were sold at a price of Rs823.10($9.6) each, which marks a 5% discount to Paytm’s closing price on 12 May 2025.
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Buyers of the stake have not been disclosed, stated the news agency.
As per the term sheet, Goldman Sachs and Citigroup have led the sale.
Neither Paytm nor Ant Group has provided comments on the transaction.
This move follows a series of sell-downs in Paytm’s shares over the past two years, including exits by Berkshire Hathaway and SoftBank Group, as per exchange data.
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By GlobalDataIn August 2023, Ant Group sold a 10.3% stake in Paytm to the company’s founder and CEO, Vijay Shekhar Sharma.
As of March 2025, Ant Financial, through its Netherlands-based subsidiary Antfin (Netherlands) Holding, held a 9.85% stake in Paytm, reported Business Standard.
The sale comes after Paytm’s divestment of its stake in Japanese payments company PayPay to SoftBank for JPY 41.9bn ($278.5m) through its Singapore unit in December of the previous year.
In September 2020, Paytm Singapore acquired stock acquisition rights (SARs) in PayPay.
For the quarter ending in March 2025, Paytm reported a consolidated loss of Rs5.4bn, and revenue from operations reached to Rs 19bn.
