Alibaba Sells Out Of Paytm In Block Deal: Report
China's Alibaba Group has sold its remaining stake in Indian digital payments firm Paytm through a block deal, news agency ANI reported on Friday, citing sources with knowledge of the matter. Paytm's stock tumbled as much as 9.3% to 640 rupees. Paytm and Alibaba did not immediately respond to Reuters requests for comment. Before that, the Chinese firm had a 6.26% stake in Paytm. Source - NDTV