China’s Ant Group has begun off-loading its remaining 5.84% holding in Indian fintech Paytm, formally known as One 97 Communications, through block trades priced at Rs 1,020 a share. A first tranche executed at market open on 5 August moved roughly 1.86 crore shares—about 2.9% of Paytm’s equity—for around Rs 3,800 crore (US$434 million), according to a term sheet and exchange data. The sale marks Ant’s complete exit from the company it first backed in 2015, when the Alibaba affiliate and its parent invested for a combined 40% stake. Ant had earlier pared its exposure by selling 10.3% in August 2023 and a further 4% in May 2025. Citigroup Global Markets India and Goldman Sachs India Securities are managing the clean-up trade, which is being executed on Indian stock-exchange platforms and will settle on a T+1 basis. Because the transaction is secondary, Paytm will receive no proceeds. Paytm shares slipped about 2% in early trading following the block, which was priced at a 5.4% discount to the stock’s previous NSE close. The divestment comes after the payments firm reported its first quarterly profit earlier this year and as several early investors—including Berkshire Hathaway and SoftBank—have scaled back positions amid heightened scrutiny of Chinese ownership in Indian tech companies.