Eternal block deal: Ant Financial likely to sell shares worth ₹5,375 crore; stock down 1%

The floor price of the block deal is set at ₹285 per share, said a report by CNBC-TV18.

Besides, another ₹8,000-₹8,500 crore worth of transaction is expected today due to the MSCI weight change in this month, a news report said, quoting analysts.

The stake sale by Ant Group will come two days after the company exited One97 Communications, the parent company of Paytm.

Billionaire Jack Ma's Ant Financial on Tuesday exited One97 Communications, the parent company of Paytm, by selling its entire 5.84% stake for around ₹3,803 crore.

Ant Group, through its affiliate Antfin (Netherlands) Holding BV, offloaded the shares of Noida-based One97 Communications.

According to the term sheet reviewed by PTI, the sale involved up to 37.3 million, or 3.73 crore, equity shares, or a 5.84% stake in One97 Communications.

The transaction was entirely secondary in nature and took place via one or more share sales on the NSE and BSE. The transaction was conducted as a clean-up trade, and there is no lock-up clause applicable.

At the end of the June quarter, Antfin (Netherlands) Holding BV owned a 5.84% stake in Paytm.

Eternal Q1 result

The company reported a net profit of ₹25 crore for the quarter ended June 30, 2025 (Q1 FY26). The figures were ₹39 crore in the previous quarter and ₹253 crore in the year-ago period.

Its revenue from operations came in at ₹7,167 crore, up 70% against ₹4,206 crore logged in the corresponding quarter of the previous fiscal year.

"On an annualised basis, we are now at almost $10 billion of annual NOV across our B2C businesses, and quick commerce is now our largest B2C business, contributing to almost half of this annualised NOV. Our B2B business Hyperpure’s revenue grew 89% YoY (25% QoQ). We expect degrowth in this business in the next few quarters," the letter said.