Reliance Capital exits Paytm stake to Alibaba for $41m
Reliance Capital has exited part of its stake in Indian e-commerce and mobile payments start-up Paytm to China's Alibaba Group for INR2.8 billion ($41.3 million).
The exit comprises Reliance’s entire 1% holding in Paytm parent One97 Communications, which the firm bought in 2010 for INR100 million according to the Press Trust of India, which cited sources close...
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