Alibaba exits India - sells its entire stake holding in Paytm

New Delhi [India], February 10 (ANI): In a block deal, 3.4 per cent equity ( or2.1 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.

With this sale, Alibaba is no longer a stakeholder in Paytm. The company had sold around 3.1 per cent of