MUMBAI: In three companies – One97 Communications (Paytm), Aether Industries, and KFin Technologies – institutional shareholders and promoters are selling large chunks of their holdings to raise about Rs 3,900 crore, term sheets for the deals showed.In Paytm, Antfin (Netherlands) Holding, one of the early investors in the digital payments solutions pioneers in India, is selling shares worth about Rs 2,070 crore. Antfin is selling about 4% of the company at a floor price of nearly Rs 810 per share through block deals. In another block deal, General Atlantic Singapore, KFin Technologies’ biggest shareholder, is selling about 6.9% in the company for about Rs 1,210 crore.
Trending
- ‘Bullish on Indian market’: European plane maker ATR eyes expansion in India; in talks with airlines
- ITC bets on buyouts to grow food business
- Maharashtra, Karnataka account for 51 pc of FDI in India in FY25: Govt
- Over a dozen companies line up IPOs in 3-6 months
- Auto companies seek govt help for magnet imports
- China tightens supply: India’s auto industry seeks govt help on rare earth magnet imports; key EV parts impacted
- Mohandas Pai flags lack of domestic capital for Indian startups; urges policy overhaul; calls for stronger R&D support
- Trump-Musk rift rattles Wall Street; Tesla share slide exposes market fragility; major indexes take a hit
- Real estate market: Major listed firms sell over Rs 1 lakh crore properties; Godrej leads
- Delhi infrastructure project: Centre approves Rs 24,000-crore plan to decongest Delhi; Tunnel to link Mahipalpur to Vasant Kunj