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Ant Group to Sell Remaining Stake in Paytm for $30.99 Billion, Transaction Value Reaches 380 Billion Indian Rupees!

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　Grain News August 5th｜According to a list of terms displayed by the media, Ant Group will sell its remaining stake in Paytm through a large-scale transaction, exiting the Indian digital payment com

　Grain News August 5th｜According to a list of terms displayed by the media, Ant Group will sell its remaining stake in Paytm through a large-scale transaction, exiting the Indian digital payment company, with a possible transaction value reaching 380 billion Indian rupees (approximately $30.99 billion). The term list shows that Ant Group will sell its remaining 5.84% stake at a price of 1020 Indian rupees per share. Goldman Sachs India Securities and Citigroup Global Markets India will lead this sale.

Ant Group to Sell Remaining Stake in Paytm for $30.99 Billion, Transaction Value Reaches 380 Billion Indian Rupees!

　Ant Group sold its 4% stake in Paytm for $2.42 billion in May and sold 10.3% of its stake in August 2023.

　According to trading data, the main body of Paytm's listing, One 97 Communications, has been subject to consecutive sell-offs over the past two years, including those by "Guru" Warren Buffett's investment flagship and SoftBank.

AntGroup(2)DigitalPayment(1)India(5)Paytm(1)

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