China’s Alibaba Group is making a complete exit from Indian fintech company Paytm, marking the end of a decade-long investment in what was once considered India’s leading digital payments platform.
Antfin (Netherlands) Holding B V, a unit of Alibaba and one of the largest shareholders in Paytm’s parent company One97 Communications Ltd, is set to sell its entire remaining stake in a block deal worth ₹3,803 crore.
According to a term sheet, the sale has been described as a “clean-up” trade. Antfin currently owns 37.7 million shares in Paytm, which amounts to a 5.84 percent stake. The floor price for the sale has been fixed at ₹1,020 per share, reflecting a 5.4 percent discount compared to Paytm’s closing price of ₹1,078.20 on the National Stock Exchange on Monday.
Citigroup and Goldman Sachs have been appointed to manage the sale. The order book for the block deal will open on Tuesday and may close on the same day.
The exit comes at a time when Paytm’s stock has been performing well, supported by the company reporting its first-ever quarterly profit of ₹123 crore in the first quarter of financial year 2026.
This move marks the final phase of Antfin’s gradual exit from Paytm. Back in July 2021, when Paytm filed its draft red herring prospectus, Antfin held a 27.9 percent stake. Along with Alibaba.com Singapore E-Commerce Pvt Ltd, which held 6.8 percent, Chinese entities together owned 34.7 percent of Paytm’s pre-IPO equity. This level of Chinese ownership had raised regulatory concerns at the time.
In May 2025, Antfin sold a 4 percent stake in Paytm for 246 million US dollars through another block deal, bringing its shareholding down from 9.85 percent to around 5.85 percent. Prior to that, in August 2023, Antfin had transferred a 10.3 percent stake to Paytm founder and chief executive officer Vijay Shekhar Sharma through his overseas entity Resilient Asset Management.
The presence of Chinese investors has had an impact on Paytm’s regulatory clearances, particularly its efforts to secure a payment aggregator licence. In response, the company took measures to bring Antfin’s shareholding below the 10 percent threshold. However, the approval for the licence is still pending.
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