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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Alibaba affiliate intends to sell its remaining 5.84% equity stake in the Indian fintech, which just posted its first profitable quarter.
Chinese investor Ant Group is set to fully exit Indian payments firm Paytm by selling its remaining 5.84% equity stake in the fintech’s parent company, One97 Communications. The sale will be done through block deals worth around Rs 3,800 crore ($433.72 million), according to a term sheet seen by Reuters.
The Alibaba Group affiliate will offload its shares at a floor price of Rs 1,020 per share, representing a 5.2% discount to Paytm's previous closing price of Rs 1,078.20. Goldman Sachs (India) Securities and Citigroup Global Markets India will lead the transaction.
Ant Group and Alibaba had first invested …
An NBFC licence and a string of approvals give the fintech firm a fresh shot at relevance. But patchy execution, intense competition and a stagnant core cast doubt on whether it can capitalize on the opportunity.
The fintech’s financial services business has done reasonably well in Q4 FY26. But upping its lending game without the NBFC tag will be a tall task.
The RBI’s unusually harsh order raises deeper questions about management credibility—and whether investors should take assurances at face value.
