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Here are the dos and don’tsChinnaswamy set to host RCB’s IPL 2026 matches — but there’s a big twist | Cricket NewsCNN anchor says sorry for calling NYC bomb incident an attack targeting mayor Zohran MamdaniEli Lilly boosts China footprint with US$3 billion plan to expand supply chainHilarious! Barcelona fan lands at wrong St James Park, watches third-tier game instead of Champions League clash | Football News‘Tragic love story’: Statue of Trump and Epstein in iconic 1997 Titanic pose spotted in Washington DCBig revelation! ‘MS Dhoni never said drop Yuvraj Singh’: Former selector breaks silence | Cricket News5 K-pop idols who quietly built a second life as video game StreamersDemand for AI talent in China outpaces job postings in other ‘new-economy’ sectorsIPL 2026 schedule announcement Live updates: When will fixtures be released?Run over by a car and still alive? 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Thu. Mar 12th, 2026

China’s Ant Group to sell 4% stake in India’s Paytm for $242 million, term sheet shows

China’s Ant Group to sell 4% stake in India’s Paytm for 2 million, term sheet shows


Paytm app. File.

Paytm app. File.
| Photo Credit: Reuters

China’s Ant Group will sell a 4% stake in Indian payments firm Paytm for $242 million, a term sheet seen by Reuters on Monday showed.

Ant, an affiliate of Chinese conglomerate Alibaba Group , will sell the stake at 809.75 rupees per share, a discount of 6.5% to Paytm’s closing price on Monday.

It was not immediately clear who the buyers would be.

Goldman Sachs India Securities and Citigroup Global Markets India will lead the sale, the term sheet showed.

Paytm and Ant Group did not immediately reply to a request for comment.

Paytm has seen a spate of selldowns in the past two years, including the exit of Warren Buffett’s Berkshire Hathaway and Japan’s SoftBank Group, according to exchange data.

Ant previously sold a 10.3% stake in Paytm to founder and CEO Vijay Shekhar Sharma in August 2023.

Published – May 13, 2025 12:18 am IST



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