THE AMERICA ONE NEWS
Jun 3, 2025  |  
0
 | Remer,MN
Sponsor:  QWIKET 
Sponsor:  QWIKET 
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge.
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge and Reasoning Support for Fantasy Sports and Betting Enthusiasts.
back  
topic


BENGALURU (Reuters) – China’s Alibaba Group has sold its remaining stake in Indian digital payments firm Paytm through a block deal, India’s ANI reported on Friday, citing sources with knowledge of the matter.

Paytm’s stock tumbled as much as 9.3% to 640 rupees.

Over 22.8 million shares of Paytm, or about 3.5% of the company’s total share capital, changed hands in 15 blocks at a price between 690.25 rupees and 655 rupees as of 10:54 a.m. IST (0524 GMT), according to Refinitiv data.

Paytm and Alibaba did not immediately respond to Reuters requests for comment.

In January, Alibaba sold a 3.1% stake in the company through a block deal worth $125 million, a source with direct knowledge of the matter had told Reuters. Before that, the Chinese firm had a 6.26% stake in Paytm.

(Reporting by Dimpal Gulwani; Editing by Devika Syamnath)

tagreuters.com2023binary_LYNXMPEJ190F1-BASEIMAGE

tagreuters.com2023binary_LYNXMPEJ190F2-BASEIMAGE