China's Ant Group and Japan's SoftBank Group Corp are likely to offload their stakes in Indian digital payments firm Paytm in the open market, after talks with Bharti Airtel founder failed, the Economic Times reported.
Shareholders and investment banks representing Ant and Softbank had earlier approached Bharti Airtel founder-chairman Sunil Mittal with an offer to sell their stakes in One 97 Communications, which owns Paytm, according to theAnt is the largest shareholder in the firm, with about 25% stake and SoftBank owns around 13%, the report added.
Paytm has been under pressure to turn profitable ever since its dismal listing in late 2021, and its shares have tumbled below its initial public offering prices, as global backers sold shares in the company.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
SoftBank, Ant discuss to sell Paytm stake via block deal - ETChina's Ant Group and Japan's SoftBank Group Corp have discussed selling stake in One 97 Communications, which operates
Consulte Mais informação »
New 'Ant-Man and the Wasp: Quantumania' Poster Shows MODOK Striking a PoseA new AntManAndTheWaspQuantumania poster shows MODOK striking a pose in the Quantum Realm.
Consulte Mais informação »
Box Office: ‘Ant-Man 3’ Faces Record Drop, ‘Cocaine Bear’ Feeling High and HappyIf early weekend projections hold, 'Ant-Man and the Wasp: Quantumania' is in danger of suffering the worst second-weekend decline ever for a Hollywood superhero pic opening to $100 million or more.
Consulte Mais informação »
Ant-Man: Quantumania's VFX Issues Are A Bad Sign For MCU Phase 5 & 6Ant-Man and the Wasp: Quantumania was met with many negative reviews, which mainly focused on the movie's VFX — a bad sign for the MCU's Phase 5 & 6.
Consulte Mais informação »
‘Cocaine Bear’ Dethrones ‘Ant-Man and the Wasp: Quantumania’ at Friday Box OfficeCocaineBear opened with $8.6 million at the Friday box office, surpassing expectations and taking the top spot.
Consulte Mais informação »
'Ant-Man and the Wasp: Quantumania' Writer Jeff Loveness on Changing the Film's EndingThe writer weighs in on whether things could have gone differently for Scott Lang and Kang the Conqueror.
Consulte Mais informação »