 "paytm")
Chinese conglomerate Alibaba is learnt to have sold a 3.1 per cent stake — nearly half of its direct shareholding — in digital financial services firm One97 Communications in an indication of exiting the Indian market, sources said on Wednesday.
However, Alibaba group firm Ant Financial has not diluted its stake in Paytm and continues to hold 25 per cent of the company.
“There was a big movement in Paytm's stock today as a block deal took place where 2,59,930 shares were sold at Rs 535.90 worth Rs 13.93 crore. Chinese group Alibaba is behind the deal, selling up to
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