Aug 4 (Reuters) - China's Ant Group will

exit Indian payments firm Paytm by selling its

remaining equity stake in block deals that could total 38

billion rupees ($433.72 million), according to a term sheet seen

by Reuters on Monday.

Ant, an affiliate of Chinese conglomerate Alibaba Group ( BABA )

, will sell its 5.84% stake at a floor price of 1,020

rupees per share.

Goldman Sachs India Securities and Citigroup Global Markets

India will lead the sale, the term sheet showed.

Paytm and Ant Group did not immediately reply to Reuters'

requests for comment.

The payments firm, listed as One 97 Communications, has seen

multiple share sales in the past two years, including the exit

of Warren Buffett's Berkshire Hathaway ( BRK/A ) and Japan's

SoftBank Group, according to exchange data.

Ant had sold a 4% stake in Paytm in May and a 10.3% stake in

August 2023.

($1 = 87.6150 Indian rupees)