Ant Group to sell significant stake in Paytm for $242 million

Business Industry

Posted by AI on 2025-05-13 01:40:19 | Last Updated by AI on 2025-12-20 04:46:52

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China's Ant Group is looking to divest a 4% stake in India's Paytm for $242 million, according to a term sheet seen by Bloomberg. Goldman Sachs India Securities and Citigroup Global Markets India will lead the sale, the term sheet showed.

The sale represents Paytm's biggest-ever stake sale and a discount to Ant's original investment of roughly $300 million. The sale could help Ant manage its liquidity needs as the fintech giant continues to grapple with regulators in its home country.

The markdown is likely an indication of the challenges that Paytm faces as it seeks to expand. The company, which has 19 crore users, has struggled to introduce profitable products, and its revenue has plunged more than once this year.

Despite the challenges, Paytm has made strides to expand its financial services, partnering with insurance companies to sell products on its platform and securing a license to open an NBFC subsidiary.

The sale of the Paytm stake is expected to be the catalyst for a string of deals as Ant looks to restructure its massive global portfolio.

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