Antfin likely to sell over 3% stake in Paytm via block deal on August 25

Paytm promoter Antfin is likely to sell a 3.6 per cent stake, or 23 million shares, in fintech company Paytm via block deals on August 25.

The floor price for the deal is likely to be discounted at Rs 880.10 per share, which is a 2.7 per cent discount from the closing price of Rs 904.45 recorded on Thursday.

Citigroup has been appointed broker to the deal, which is reportedly valued at around $234 million.

On August 7, the company informed the stock exchanges that Vijay Shekhar Sharma, founder and chief executive officer (CEO) of Paytm’s parent One97 Communications, agreed to purchase a 10.3 per cent stake, worth $628 million,