Antfin (Netherlands) Holding BV, a major shareholder of the Alibaba Group, has decided to sell its entire remaining 5.84% stake in One 97 Communications, the parent company of Paytm. This move will take place through a massive block deal valued at Rs 3,800 crore, set for August 5, 2025. The exit price is set at Rs 1,020 per share, which is a 5.4% discount compared to Paytm’s last closing price of Rs 1,078.30 on the BSE.
Citigroup, Goldman Sachs Manage the Exit
Citigroup and Goldman Sachs are managing the deal as placement agents. The sale will happen in a single tranche as a “clean-up trade,” making Antfin’s exit from Paytm both quick and complete. After this deal, Antfin will no longer hold any stake in one of India’s most recognized fintech brands.
Shrinking Chinese Stake in Indian Fintech
Antfin’s exit marks the end of a long partnership with Paytm, which at its peak saw the Chinese investor holding about 23.8% of the company. In May 2025, Antfin offloaded a 4% stake for approximately Rs 2,065 crore. Last year, it sold shares worth around Rs 1,371 crore. With this latest deal, nearly 10% of Paytm’s ownership has changed hands over the past three months, steadily reducing Chinese investment in the company. This transition matches the growing focus on reducing foreign ownership in Indian digital payments.
Paytm’s Strong Financial Growth
Paytm has turned an important financial corner. For the first time, it posted a quarterly net profit of Rs 122.5 crore for Q1 FY26—up from a loss of Rs 839 crore last year. Revenue also saw healthy growth, rising 27.7% year-on-year to Rs 1,917.5 crore. EBITDA is now positive, reflecting improved operational efficiency and better cost controls. The company’s active user base and payments platform are performing strongly.
Stock Performance and Investor Confidence
Paytm’s stock has performed impressively, rising over 20% in the last month and giving more than 100% returns over the past year. The company has gained more investor support and increased mutual fund participation, making its future outlook brighter. Among analysts covering Paytm, the majority now recommend a ‘buy’ rating, showing strong market confidence.
A New Chapter for Indian Ownership
This deal significantly lowers China’s presence in the Indian fintech landscape and supports broader moves to localise digital platforms. With founder Vijay Shekhar Sharma still playing a major role, Paytm is entering a new era of Indian-led growth, aiming for more innovation and expansion as foreign stakes recede.
Antfin’s exit is a landmark event, reflecting both corporate strategy and evolving geopolitics in India’s booming tech sector. With regulatory conditions favouring reduced foreign ownership, this deal reassures investors that Paytm stands strong with robust finances and growing market trust.