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.

Ant Financial has exited Paytm by offloading its entire remaining stake of 5.84% in parent company One97 Communications for ₹3,980 crore.

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

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.

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

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.

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.

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 is expected to offload its remaining 5.84% stake in Paytm worth $434 million, marking a potential exit from the fintech firm. The deal comes amid growing regulatory concerns

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

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.