One97 Communications Limited (NSEI:PAYTM), parent company of Paytm, share price will remain in focus in 13 May 2025's trading session amid reports of Ant Group Co., Ltd. (Ant Financial), the fintech arm of Alibaba Group, planning to offload shares worth around INR 22.00 billion in Paytm's parent company through block deals on 13 May 2025. The shares are expected to be offered at a minimum price of INR 809.7 each, which is approximately 6.4% lower than Paytm's closing price of INR 866 on 12 May 2025. Ant Financial, which currently holds a 9.85% stake in Paytm, is likely to sell about 4% of its shareholding through this deal.
According to sources, Goldman Sachs (India) Securities Pvt Ltd. and Citigroup Global Markets India Pvt Ltd. are serving as placement agents for the stake divestment.
