Alibaba Sells Out Of Paytm In Block Deal: Report - Qoneqt

Vikshita Vitthal Gujaran in Paytm

11-Feb-2023 05:19 AM

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

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