Jack Ma’s Ant Financial sold its 5.84% Paytm stake on August 5 for Rs 3980 crore, resulting in a 2.38% dip in the Indian fintech’s stocks.

Chinese billionaire Jack Ma-owned Ant Financial on Thursday made a partial exit by divesting a 1.46 per cent stake in Eternal, the parent company of Zomato and Blinkit brands, for ₹4,097 crore through open market transactions.

Ant Financial, owned by Jack Ma, has divested a 1.46% stake in Eternal, parent company of Zomato and Blinkit, for Rs 4,097 crore. This transaction follows the complete exit from One97 Communications,

Ant Group, the Chinese fintech giant backed by Alibaba, is reportedly set to completely exit its investment in India’s Paytm by selling

Ant Financial, owned by Jack Ma, exits Paytm by selling entire stake for ₹3,803 crore, impacting company's shares.

China's Ant Group will exit Indian payments firm Paytm, selling its remaining 5.84% equity stake in block deals that could total 38 billion rupees ($433.72 million), CNBC-TV18 reported on Monday, citing sources.

Nearly nine years ago, Paytm founder and CEO Vijay Shekhar Sharma had remarked, "We are as Indian as Maruti," in an interview with PTI, responding to queries about the company's ownership structure at that time.

Ant Financial divests 1.46% stake in Eternal (Zomato, Blinkit parent) for Rs 4,097 crore. Follows Paytm stake sale. Details on the deal.

China's Ant Group will exit Indian payments firm Paytm by selling its remaining equity stake in block deals that could total 38 billion rupees ($433.72 million), according to a term sheet seen by Reuters on Monday.

JM Financial has maintained a 'buy' rating on One 97 Communications following report China's Ant Financial will sell its entire remaining stake of 5.84% in Paytm. As per a media report, Ant Financial is selling its entire stake in Paytm through a block deal valued at Rs 38 billion.

Ant Financial exits Paytm, selling its 5.84% stake for Rs 3,803 crore. Shares fall. Learn more about the deal and its impact.