SoftBank and Ant Group are reportedly planning to sell their stakes in Indian digital payments company Paytm via a block deal. According to a report by Bloomberg, the two companies are looking to offload their stakes in the company for around $2 billion.
SoftBank and Ant Group have been major investors in Paytm since 2015, when they invested a combined $1.4 billion in the company. Since then, the two companies have increased their stakes in the company, with SoftBank now owning a 20% stake and Ant Group owning a 10% stake.
The sale of the stakes is part of a larger plan by SoftBank and Ant Group to reduce their exposure to the Indian market. The two companies have been looking to reduce their investments in India due to the country’s regulatory environment, which has become increasingly hostile towards foreign investors.
The sale of the stakes is also part of a larger plan by SoftBank and Ant Group to focus on their core businesses. SoftBank has been looking to focus on its core investments in technology companies, while Ant Group has been looking to focus on its core payments business.
The sale of the stakes is expected to be completed in the coming weeks. It is unclear who the buyers of the stakes will be, but it is likely that the buyers will be other investors in the Indian market.
The sale of the stakes is likely to be a major boost for Paytm, as it will give the company more financial flexibility. The company has been looking to expand its operations in India and abroad, and the additional capital from the sale of the stakes will help it do so.
The sale of the stakes is also likely to be a major boost for the Indian digital payments market. The additional capital from the sale of the stakes will help the market grow and expand, as more companies will be able to invest in the sector.
Overall, the sale of the stakes in Paytm by SoftBank and Ant Group is likely to be a major boost for the Indian digital payments market. The additional capital from the sale of the stakes will help the market grow and expand, as more companies will be able to invest in the sector. It will also be a major boost for Paytm, as it will give the company more financial flexibility.
