Zomato shares slide 4% amidst ₹3,112 crore block deal; Antfin likely seller
The name of buyers and sellers were not known immediately, but reports suggest that China's Alibaba Group arm was looking to pare stake in the foodtech company.
The name of buyers and sellers were not known immediately, but reports suggest that China's Alibaba Group arm was looking to pare stake in the foodtech company.
Alibaba Group subsidiary Antfin is looking to sell 3.6% stake in Paytm through a block deal today at a floor price of ₹880.10 per share.
The Sharma family becomes the biggest shareholder in One97 at 19.55%; Paytm shares trading in red ₹877.75 against previous closing price of ₹874.45
Paytm founder and CEO Vijay Shekhar Sharma will acquire 10.30% stake in the company from Antfin, via his 100% owned overseas entity, Resilient Asset Management B.V.