Tuesday, March 7, 2017

Reliance Capital sold its stake in Paytm for $41 mn

Anil Ambani's Reliance Capital sold its nearly 1% stake in digital wallet company Paytm for Rs 275 crore ($41 million) to China’s Alibaba Group.

Reliance Capital had put in Rs 10 crore for its investment in the wallet firm

Recently also Paytm’s founder and chief executive Vijay Shekhar Sharma sold 1% of his holding in One97 Communications to raise nearly $48.1 million (Rs 325 crore). The transaction valued the company at $4.8 billion (Rs 32,438.4 crore).



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