One97 Communications’, the parent firm of Paytm, share price declined 4% to a low of Rs 830.55 after the news reports said that one of its major investors, Antfin, is likely to sell shares worth Rs 2,200 crore through block deals.
Antfin is expected to offload nearly a 4% stake of One97 Communications at a floor price of Rs 809.75 per equity share. The floor price represents a 6% discount to the closing price of the Paytm share on May 12. It closed at Rs 863.10, up 3.66%, on Monday.
Antfin held approximately a 9.85% stake in One97 Communications as of March 2025..
Antfin is an affiliate of the Chinese conglomerate Alibaba Group and holds a significant stake in Paytm’s parent company, One97 Communications. Antfin has held a considerable stake in One97 Communications through its Netherlands-based subsidiary, Antfin (Netherlands) Holding B.V.
Citi and Goldman Sachs are the investment banks working on the proposed block trade, as per news reports.
Paytm Q4 earnings
It reported a consolidated net loss of Rs 540 crore in Q4FY25 compared to Rs 550 crore posted in the same period a year ago. The company said that its net profit or profit after tax (PAT), excluding exceptional items, is now close to breakeven. If the exceptional items are excluded, the net loss stood at Rs 23 crore in the quarter under review. The exceptional items for Q4 FY25 stood at Rs 522 crore. This includes Rs 492 crore charge towards acceleration of ESOP expense, which the company’s founder, Vijay Shekhar Sharma, gave up this quarter. Meanwhile, the remaining Rs 30 crore were towards other impairments.
Paytm’s stock performance
The share price of Paytm has risen 1.9% in the last five trading days. The stock has increased by 2.7% in the past one month and 15% in the previous six months. Paytm has given a multibagger return in the previous one year, rising 151%.