Saturday, February 18, 2017

Reliance Capital to sell 1% stake in Paytm for $50-60 mn

Reliance Capital is planning to sell its one per cent shareholding in digital payments firm Paytm for about USD 50-60 million.

Alibaba-backed Paytm was valued at about USD 4.8 billion in its last round of funding.

Paytm founder and CEO Vijay Shekhar Sharma sold 1 per cent of his holding in One97 Communications to raise about Rs 325 crore.


SHARE THIS

Author:

I am Tammana, a professional blogger. Follow me in Twitter, Facebook and Google plus for more discussion.

0 comments: