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breaking news Alibaba and Antfin sell their entire 43% stake in Paytm Mall for Rs 42 Crore

Chinese company Alibaba and its subsidiary Antfin have sold their entire stake in Paytm Mall for Rs 42 crore, according to a regulatory filing. The exit transaction values ​​Paytm Mall at around Rs 103 crore.

According to the filing, Paytm E-commerce, the parent company of Paytm Mall, bought a 28.34% stake in Alibaba and a 14.98% stake held by Antfin (Netherlands).

Paytm Mall has raised around $800 million from several investors including Alibaba, Ant Financial and SoftBank. No immediate comment was received from Paytm Mall on this transaction.


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