Alibaba sells Paytm stake worth $125 million through block deal
Mint Mumbai|January 13, 2023
China's Alibaba Group sold a 3.1% stake in Indian digital payments firm Paytm for a total of $125 million through a block deal on Thursday, a source with direct knowledge of the matter said.
Alibaba sells Paytm stake worth $125 million through block deal

Shares of the company fell as much as 8.8% to ₹528 in afternoon trading, and was last down 5.8% as of 3:00 pm IST.

Alibaba, which held a 6.26% stake in Paytm as of end-September, sold the stake at ₹536.95 apiece, the source, who did not want to be named because he is not authorized to speak to media, said.

Denne historien er fra January 13, 2023-utgaven av Mint Mumbai.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra January 13, 2023-utgaven av Mint Mumbai.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA MINT MUMBAISe alt
Hypersonic weapons in the age of A!: Be careful
Mint Mumbai

Hypersonic weapons in the age of A!: Be careful

Indias hypersonic missile marks a leap and updates its nuclear deterrence. But dangers lurk in the global race for these speedy and sneaky weapons, wit/z AI -use posing new risks

time-read
1 min  |
November 19, 2024
How to make Elon Musk's budget-slashing dreams come true
Mint Mumbai

How to make Elon Musk's budget-slashing dreams come true

Any serious fiscal policies must go through Congress. That may end up being the key test of DOGE and Trump

time-read
1 min  |
November 19, 2024
BOREDOM: THE INVISIBLE CAUSE OF RISING ATTRITION
Mint Mumbai

BOREDOM: THE INVISIBLE CAUSE OF RISING ATTRITION

They deliver on the job, but many employees are just going through the motions with one eye on the exits

time-read
1 min  |
November 19, 2024
Mint Mumbai

Viksit Bharat needs big plans and coordinated action

Let's transform manufacturing and agriculture, decarbonize the economy and unleash growth led by women

time-read
3 mins  |
November 19, 2024
Indonesia will need to tread a fine line after T rump's return
Mint Mumbai

Indonesia will need to tread a fine line after T rump's return

Jez/farms relations with China mustn,t send out the wrong signals

time-read
3 mins  |
November 19, 2024
What if Donald Trump keeps his promises on economic policy?
Mint Mumbai

What if Donald Trump keeps his promises on economic policy?

The 2024 US election is one of those rare instances where there is palpable fem that the winner will actually follow through

time-read
3 mins  |
November 19, 2024
Mint Mumbai

The Indian state is still to fully unshackle our economy

Economic success needs the state to function as an enlightened referee and be less statist

time-read
3 mins  |
November 19, 2024
Mint Mumbai

Let's tackle the harsh realities of mental health at the workplace

Ensure an inclusive work environment with policies of reasonable accommodation and support

time-read
3 mins  |
November 19, 2024
Mint Mumbai

How working abroad gives young Indians a wealth edge back home

Working overseas gives them the advantage to earn in stronger currencies and benefit from exchange rates

time-read
5 mins  |
November 19, 2024
Mint Mumbai

FALLING MARKETS ARE JUST WHAT YOU NEED: HERE'S WHY

For some of you, a market downturn may be an ideal time for a complete financial reset

time-read
2 mins  |
November 19, 2024