Antfin had originally invested close to ₹33,600 crore in Paytm, by acquiring a 27.9% stake or 183.3 million shares. The shares were acquired at an average cost of ₹1,833.3 per share, according to Paytm’s Red Herring Prospectus (RHP).
Accumulating all the proceeds across the years, the total comes up to ₹17,838 crore, which implies a loss of ₹15,765 crore on its initial investment.
Here’s a timeline of Antfin’s stake sale in Paytm:
- November 2021: Sold 21.88 million shares as part of its IPO or ₹4,704 crore through the OFS route.
- June-September 2023: Pared stake from 23.7% to 9.9% through open market transactions and a key stake sale to Paytm founder Vijay Shekhar Sharma. It received a total proceeds from this sales stood at ₹7,230 crore.
- May 2025: Antfin sold another 4% stake in Paytm at ₹824.6 per share, raising ₹2,103 crore and bringing its holding down to 5.84%.
- August 2025: Sold the remaining 5.84% stake at ₹1,067.5, and garnered close to ₹4,000 crore.
Antfin’s exit marks yet another institution, which has exited Paytm with a loss. Earlier, Warren Buffett’s Berkshire Hathaway had sold its entire Paytm stake in November 2023, at a loss of nearly ₹600 crore, after holding stock for five years.Paytm’s ₹18,300 crore IPO remains one of the largest public offering in India’s primary market history. However, despite a near-3.5x jump from its all-time lows, the stock still remains over 50% below its IPO price of ₹2,150.
However, the company reported its second quarterly profit since listing, after reporting a net profit of ₹122.5 crore, compared to a net loss of ₹839 crore last year. During the September 2024 quarter, Paytm had reported a net profit due to a one-time gain after the sale of its ticketing business to Zomato.
Shares of Paytm are at the lows of the day, currently trading 2% lower at ₹1,058.7. The stock has risen 15% in the last one month.
