China’s Ant Group to fully exit from Paytm with Rs 3,800 crore stake sale

The Alibaba affiliate intends to sell its remaining 5.84% equity stake in the Indian fintech, which just posted its first profitable quarter.

04 August, 20253 min
0
China’s Ant Group to fully exit from Paytm with Rs 3,800 crore stake sale

You may also like

Business
Story image

Big changes at Saudi Arabia’s sovereign wealth fund

From pulling back on international bets to writing down its domestic gigaproject portfolio, PIF’s moves are a reflection of the kingdom’s challenges.

Internet
Story image

Preparing to love China once again

India is warming up to the idea of doing business with China. Little is expected to change in the trade skew, but Chinese foreign direct investment will be a welcome boost.

Internet
Story image

Paytm has steadied the ship

Vijay Shekhar Sharma’s fintech has reported its first operationally profitable quarter. However, he will need to wait to win back the regulator’s trust for Paytm to scale further.