From Yahoo Finance: 2025-05-13 08:04:00

Ant Group, affiliated with Alibaba, sells a 4% stake in Indian payments firm Paytm for $246m at a 5% discount. Buyers undisclosed, Goldman Sachs and Citigroup led the sale. Previous sell-downs include exits by Berkshire Hathaway and SoftBank Group. Ant Group held a 9.85% stake in Paytm as of March 2025.

This move follows Ant Group’s sale of a 10.3% stake in Paytm to the company’s founder in August 2023. Paytm reported a consolidated loss of Rs5.4bn and revenue of Rs19bn for the quarter ending March 2025. Ant Group and Paytm have not commented on the transaction. Paytm had previously divested its stake in Japanese payments company PayPay to SoftBank.

Read more: Ant Group offloads 4% stake in Indian payments firm Paytm