PAYTM

share price slumps as Chinese billionaire Jack Ma's Ant Financial sells entire stake in Vijay Shekhar Sharma's fintech

Chinese businessman Jack Ma-owned Ant Financial has exited One97 Communications , the parent company of Paytm. Ant Financial has sold its entire stake of 5.84 per cent in the Paytm for around Rs 3,803 crore. Post stake sale by Ant Financial, Paytm shares fell nearly 3 per cent to make a low of Rs 1050. At 2 PM, Paytm shares were down 1.87per cent to trade at Rs 1058.