<p>China's Ant Group will sell a 4 per cent stake in payments firm <a href="https://www.deccanherald.com/tags/paytm">Paytm</a> for $242 million, a term sheet seen by <em>Reuters</em> showed on Monday.</p>.<p>Ant, an affiliate of Chinese conglomerate Alibaba Group, will sell the stake at Rs 809.75 per share, a discount of 6.5 per cent to Paytm's closing price on Monday.</p>.<p>It was not immediately clear who the buyers would be.</p>.<p>Paytm and Ant Group did not immediately reply to a request for comment.</p>.Apple considers raising iPhone prices: Report.<p>Paytm has seen a spate of selldowns in the past two years, including the exit of Warren Buffett's Berkshire Hathaway and Japan's SoftBank Group, according to exchange data.</p>.<p>Ant previously sold a 10.3 per cent stake in Paytm in August 2023 to founder and CEO Vijay Shekhar Sharma. </p>
<p>China's Ant Group will sell a 4 per cent stake in payments firm <a href="https://www.deccanherald.com/tags/paytm">Paytm</a> for $242 million, a term sheet seen by <em>Reuters</em> showed on Monday.</p>.<p>Ant, an affiliate of Chinese conglomerate Alibaba Group, will sell the stake at Rs 809.75 per share, a discount of 6.5 per cent to Paytm's closing price on Monday.</p>.<p>It was not immediately clear who the buyers would be.</p>.<p>Paytm and Ant Group did not immediately reply to a request for comment.</p>.Apple considers raising iPhone prices: Report.<p>Paytm has seen a spate of selldowns in the past two years, including the exit of Warren Buffett's Berkshire Hathaway and Japan's SoftBank Group, according to exchange data.</p>.<p>Ant previously sold a 10.3 per cent stake in Paytm in August 2023 to founder and CEO Vijay Shekhar Sharma. </p>