Paytm shares crack 5% as China's Ant Group plans to sell about 4% stake

Shares of One97 Communications, the owner of Paytm, nosedived 5 per cent on Tuesday, i.e. on May 13, 2025. The sharp decline in share comes amid reports that financial Services company Ant Group - an affiliate company of the Chinese conglomerate Alibaba Group - is likely to offload up to 4 per cent stake worth about Rs 2,066 crore in the fintech firm. The stock opened with a loss of 2 per cent today at Rs 849 against the previous close of Rs 866.35. It dipped further to touch the intraday low of Rs 823.10 - a fall of 4.99 per cent.

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