Ant Group divests 4% stake in Paytm amid strategic portfolio shift

Ant Group divests 4% stake in Paytm amid strategic portfolio shift

Ant Group, the financial technology arm of China’s Alibaba Group, has sold a 4% stake in Indian digital payments company Paytm, raising approximately $246 million (INR 2,103 crore) through a block trade.

Source

https://ibsintelligence.com/ibsi-news/ant-group-divests-4-stake-in-paytm-amid-strategic-portfolio-shift/

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