Private Equity Liquidity Events
China's Alibaba group sells Paytm shares worth Rs.1,031-Cr
Chinese conglomerate Alibaba has sold shares of publicly-listed One97 Communications Ltd (which owns fintech brand Paytm) worth INR 1,031 crore. Post the sale, the Alibaba Group will hold a 28.18% stake in the company.
From the Venture Intelligence PE-VC Deal Database: Alibaba which first invested in Paytm in Feb 2015, had made a partial exit from the company as part of its IPO in Nov 2021.