Reliance Capital to sell 1% stake in Paytm for $50-60 mn - Startup news, funding, investment, entrepreneurs, earn money, technology etc

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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.

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