antfin

Alibaba affiliate may sell 1.54% stake in Zomato

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Alibaba affiliate may sell 1.54% stake in Zomato

Antfin Singapore, an affiliate of the Chinese conglomerate Alibaba Group, is likely to sell a 1.54% stake in online food delivery aggregator Zomato on Tuesday through block deals, aiming to raise around ₹3,400 crore. According to a term sheet issued by the bankers Goldman Sachs and Morgan Stanley, Antfin Singapore is offering to sell 136 … Read more

Paytm CEO Vijay Shekhar Sharma becomes sole beneficial owner in co as Antfin cuts stake

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Paytm CEO Vijay Shekhar Sharma becomes sole beneficial owner in co as Antfin cuts stake

One 97 Communications’ founder and Chief Executive Officer (CEO) Vijay Shekhar Sharma has become the company’s sole significant beneficial owner (SBO) following a reduction in the shareholding of AntFin from an earlier 23.79% stake to 9.90%. Sharma now holds 19.42% stake in the Paytm operator. The 19.42% stake in Paytm is by virtue of Sharma … Read more