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Alibaba sells Paytm shares worth Rs.1,377.51 Cr

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China-based B2B online marketplace Alibaba has sold shares of publicly-listed One97 Communications Ltd (which owns digital payments player Paytm) worth INR 1,377.51 crore. Post the sale, Alibaba Group would hold a 24.86% stake in Paytm.

From the Venture Intelligence PE-VC Deal Database: Between Apr 2007 and Nov 2019, Paytm raised funding across several rounds. The company went public in Nov 2021 at INR 2,150 per share. Alibaba made a partial exit as part of the IPO.