Alibaba sold 21.43 million shares of Paytm at ₹642.74 apiece to investors, including Morgan Stanley, according to data obtained from the National Stock Exchange.
Shares of Paytm slumped by 8.75% to ₹650.20 on Friday on BSE, underperforming the benchmark Sensex's 0.2% decline.
The firm, which held about 6.26 % in Paytm until last month, sold a partial 3.1% stake in the stock at a discount of about 7% in open market operations in January. Among the buyers was Morgan Stanley, which bought shares worth ₹294 crore on 12 January.
Bu hikaye Mint Mumbai dergisinin February 11, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin February 11, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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