China's Alibaba reportedly sells half of its stake in Paytm
Shortpedia
Content Team
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More than a year after its IPO tanked, Paytm's parent firm has lost its standing among large cap stocks on Indian indices. One of its key investors Alibaba, also had a tough couple of years as its foudner Jack Ma went missing and the firm faced scrutiny from authorities. Now reports are suggesting that the firm has sold off 3.1% of its stake in Paytm's parent One97 Communications, which is almost half of what it holds in the company.
