Paytm's Parent Sees Major Stake Sale: What It Means
Shares of Paytm's parent, One97 Communications, remained stable after a significant block deal involving 1.86 crore shares. Antfin, a major shareholder, plans to sell its 5.84% stake worth around ₹3,803 crore. This sale, seen as a "clean-up trade," is intended to reduce its exposure in Paytm, aligning with regulatory sentiments. Over the past two years, Antfin has gradually decreased its stake from 28% pre-IPO to just 5.84%. With the exit of major Chinese investors, Paytm's stock may react positively, allowing investors to focus on its fundamentals and growth potential.
