Paytm Block Deal: China's Antfin likely to offload up to 4% stake worth ₹2,066 crore
Published on 12/05/2025 05:31 PM
Paytm Block Deal: China's Antfin likely to offload up to 4% stake worth ₹2,066 croreThe floor price for the transaction is set at ₹809.75 per share, representing a 6.5% discount to Paytm's current market price, as per sources. Shares of One 97 Communications Ltd ended at ₹866.35, up by ₹33.80, or 4.06%, on the BSE.By Sudarshan Kumar | Jomy Jos Pullokaran May 12, 2025, 5:31:08 PM IST (Published)2 Min ReadChinese fintech giant Antfin is likely to divest up to 4% of its stake in digital payments firm Paytm through block deals valued at ₹2,066 crore, sources privy to the developments told CNBC-TV18.
The floor price for the transaction is set at ₹809.75 per share, representing a 6.5% discount to Paytm's current market price, according to multiple people familiar with the development.
Last week, Paytm's parent, One97 Communications Ltd, reported a net loss of ₹544.6 crore, narrowly down from ₹550.5 crore during the same quarter last year. The company reported a net loss despite its other income increasing by nearly ₹100 crore from last year to ₹223.8 crore. Paytm had reported another income figure of ₹131.7 crore in the base quarter.
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Paytm's net loss is contrary to expectations of brokerages like JM Financial and Yes Securities, who had expected a net profit of ₹3.6 crore and ₹4.5 crore, respectively for the quarter. The loss is also higher than the Motilal Oswal estimate of ₹112 crore.
Revenue for the quarter declined by 15.7% from the same quarter last year to ₹1,912 crore. JM Financial had expected the revenue figure to be ₹1,975 crore, while Motilal Oswal had projected the figure to be at ₹2,098 crore.
Paytm reported an earnings before interest, tax, depreciation and amortisation (EBITDA) before employee stock options (ESOP) of ₹81 crore, which is an improvement of ₹135 crore from the December quarter, according to its earnings release.
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Shares of One 97 Communications Ltd ended at ₹866.35, up by ₹33.80, or 4.06%, on the BSE.Continue Reading(Edited by : Shoma Bhattacharjee)Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsOne 97 CommunicationsPaytmshare market today