Paytm Goes China-Free as Antfin Fully Exits with ₹3,800 Crore Stake Sale
In a significant development for India’s digital economy and investor sentiment, Jack Ma’s Antfin, the Chinese affiliate of Ant Group, has completely exited Paytm’s parent company One97 Communications. The move eliminates all Chinese ownership from the fintech major, marking a milestone for the company and potentially widening its investor base. Antfin sold its entire 5.84% stake—equivalent to 37.3 million shares—in large bulk deals worth around ₹3,803 crore.
The shares were sold at a floor price of ₹1,020 per share, representing a discount of up to 5.4% compared to Paytm’s previous NSE closing price of ₹1,078.20. Following the announcement, Paytm’s share price slipped slightly, with a 1.45% drop on NSE to ₹1,062.60 and a 1.23% fall on BSE to ₹1,065.
The complete removal of Chinese ownership is being viewed as a positive development for Indian investors and the fintech industry at large. It addresses long-standing geopolitical and regulatory concerns surrounding Chinese stakes in Indian companies, especially in sensitive sectors like digital payments.
Analysts believe the exit could open the door for more institutional investors—both domestic and foreign—who were previously hesitant due to Chinese involvement.
Ant Group, formerly known as Ant Financial, is a major Chinese fintech powerhouse affiliated with the Alibaba Group. Through its Netherlands-based entity Antfin (Netherlands) Holding BV, it had invested in Paytm during earlier fundraising rounds. The latest exit marks the end of a multi-year association between the two companies.
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