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Chinese multinational Alibaba exits India, sells entire stake holding in Paytm
Updated On: 10 February, 2023 01:29 PM IST | New Delhi | ANI
This latest deal almost completes Alibaba`s exit from India since it had earlier sold its stakes in Zomato and BigBasket. The news will bring cheer to the market as it ends the Chinese stake holding in the homegrown Paytm
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In a block deal, 3.4 per cent equity (or 2.1 crore shares) of Paytm`s parent company One97 Communications Ltd (OCL) have changed hands on Friday.
Sources in the know of the development say that Chinese multinational Alibaba has sold its entire stake in Paytm in today`s block deal.
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