Ant may dilute Paytm stake
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Ant Group may not be able to participate in
Paytm s IPO. Now, sources tell us the Chinese company will probably reduce its 30.33%
stake in Paytm s parent firm ahead of its IPO. Read on to find out why.
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Ant Group likely to sell a sixth of its Paytm stake before IPO
China’s Ant Group is likely to sell at least a sixth, or 16.67%, of its 30.33% stake in One97 Communications, the parent company of Paytm, ahead of the fintech firm’s initial public offering in November, sources told us.
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