Antfin Plans INR 3,800 Cr Block Deal To Exit Paytm: Report

Antfin Holding BV, part of Alibaba Group, plans to sell its remaining 5.84% stake in One 97 Communications, parent company of fintech major Paytm, through an INR 3,800 Cr clean-out block deal

The floor price for the sale is set at INR 1,020 per share, a 5.4% discount on Monday’s closing price of INR 1,078.30 on the BSE

The transaction, which is expected to be executed in a single tranche, would mark Antfin’s complete exit from the Indian fintech firm

Antfin Holding…