Alibaba sells Paytm stake worth $125 million via block deal: Report
China's Alibaba Group sold a 3.1% stake in Indian digital payments firm Paytm for a total of $125 million through a block deal on Thursday, a source with direct knowledge of the matter told Reuters. Shares of the company fell as much as 8.8% to Rs 528 in afternoon trading, and was last down 5.8% as of 3:00 pm IST.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
