Private Equity Liquidity Events
Alibaba Group sells 3.6% stake in Paytm for Rs.2,037-Cr
Source INC42 (opens in a new tab)
China's Alibaba Group has sold a 3.6% stake in listed One97 Communications, the parent company of fintech service Paytm, for INR 2,037 crore through open market transactions. Alibaba Group unit Antfin (Netherlands) Holding B.V. sold 2.27 Cr shares of Paytm, for INR 895.2 per share.
Societe Generale, Morgan Stanley Asia Singapore, Citigroup Global Markets Mauritius, BNP Paribas Arbitrage, and Goldman Sachs (Singapore) Pte were among the buyers of Paytm shares