Antfin may strip up to 4 % of its share in the Paytm Digital Payments: Report

The Chinese Antfin giant technology is likely to strip up to 4 % of its share in the PayTM digital payment company through block deals worth 2066 rupees, according to the Moneycontrol report.

The report added that the floor price for the treatment is determined at 809.75 dollars per share, which represents a 6.5 % discount on the current market price in Paytm.

As of March, Antfin (Netherlands) that owns 9.85 % BV has kept in the One 97 Communications LTD, the parent company of PayTM, displaying exchange data.

Last week, 97 calls about a unified loss on an annual annual basis for the fourth quarter (Q4) of the fiscal year 2024-25 (fiscal year 25). The digital payment company recorded a loss of 540 rupees for January quarter, a decrease from 550 rupees in the same quarter of last year.

However, the loss sequences from 208 rupees in the quarter of December due to the cost of the employee’s share option for one time, which led to a wider loss compared to the previous quarter.

Unified revenues of operations decreased by 16 percent to 1912 rupees on an annual basis in the fourth quarter of 2,267 rupees. Continuously, the revenues grew marginally by 5 percent of 1,828 rupees.