Alibaba sells Paytm stake worth $125m via block deal

Alibaba sells Paytm stake worth $125m via block deal

Photo: Reuters

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter