[Update] Antfin Offloads 4% Stake In Paytm For INR 2,103 Cr

Ant Financial, the financial technology affiliate of Chinese e-commerce giant Alibaba, is planning to further reduce its stake in the Indian digital payments giant Paytm by selling approximately 4% of its holdings through a series of block deals. This move represents a continuation of Ant Financial's gradual exit from the Indian fintech market. The sale of Paytm shares comes at a time when Paytm is facing regulatory challenges and increased scrutiny from the Reserve Bank of India (RBI), which has impacted its operations and future outlook.