SoftBank, Ant discuss to sell Paytm stake via block deal - ET

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China's Ant Group and Japan's SoftBank Group Corp have discussed selling stake in One 97 Communications, which operatesIndian digital payments firm Paytm, through a block deal, the Economic Times newspaper reported on Monday. Paytm has been under pressure to turn profitable ever since its dismal li

China's Ant Group and Japan's SoftBank Group Corp have discussed selling stake in One 97 Communications, which operates

Shareholders and investment banks representing the Ant Group and Softbank had earlier approached Bharti Airtel founder-chairman Sunil Mittal with an offer to buy their stakes, according to the report, citing people familiar with the matter. The talks didn't make much headway and Bharti is not currently engaged in conversations on this issue, it added.

 

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