financetom
Business
financetom
/
Business
/
Alibaba, Antfin sell entire 43% stake in Paytm Mall for Rs 42 crore
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Alibaba, Antfin sell entire 43% stake in Paytm Mall for Rs 42 crore
May 18, 2022 2:37 PM

Chinese company Alibaba and its affiliate Antfin has sold their entire stake in Paytm Mall for Rs 42 crore, according to a regulatory filing. The exit transaction values Paytm Mall at around Rs 103 crore.

Share Market Live

NSE

According to the filing, Paytm E-commerce, the parent firm of Paytm Mall, bought a 28.34 percent stake of Alibaba and a 14.98 percent stake held by Antfin (The Netherlands).

Paytm Mall has raised around $800 million from several investors, including Alibaba, Ant Financial, and SoftBank. No immediate comments were received from Paytm Mall on this transaction.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US mine development timeline second-longest in world, S&P Global says
US mine development timeline second-longest in world, S&P Global says
Jul 18, 2024
July 18 (Reuters) - It takes an average of nearly 29 years to build a new mine in the U.S., the second-longest in the world behind only Zambia, hampering Washington's efforts to boost output of lithium, nickel and other metals for the energy transition, a report said on Thursday. The report by consultancy S&P Global ( SPGI ) comes amid...
Canada Nickel Reports Initial Resource Estimate for Deloro Nickel Project in Ontario
Canada Nickel Reports Initial Resource Estimate for Deloro Nickel Project in Ontario
Jul 18, 2024
07:26 AM EDT, 07/18/2024 (MT Newswires) -- Canada Nickel ( CNIKF ) reported Thursday an initial resource estimate for the Deloro nickel sulfide project in Ontario's Timmins nickel district. The property hosts indicated resources of 81 million tonnes grading 0.25% nickel for 202,000 tonnes of contained nickel. Inferred resources stood at 357 million tonnes grading 0.25% nickel for 885,000 tonnes...
Atmus Filtration Technologies Declares First Quarterly Cash Dividend of $0.05 per Share; Payable Aug. 14
Atmus Filtration Technologies Declares First Quarterly Cash Dividend of $0.05 per Share; Payable Aug. 14
Jul 18, 2024
07:28 AM EDT, 07/18/2024 (MT Newswires) -- Atmus Filtration Technologies ( ATMU ) said Thursday its board of directors has declared its first quarterly cash dividend of $0.05 per common share, payable Aug. 14 to shareholders of record Aug. 1. The board also authorized a $150 million share repurchase program, effective immediately. The program does not have an expiration date....
Virtu Financial Q2 Normalized Adjusted Earnings, Revenue Rise; Maintains Dividend; Shares Rise Pre-Bell
Virtu Financial Q2 Normalized Adjusted Earnings, Revenue Rise; Maintains Dividend; Shares Rise Pre-Bell
Jul 18, 2024
07:30 AM EDT, 07/18/2024 (MT Newswires) -- Virtu Financial ( VIRT ) reported Q2 normalized adjusted earnings Thursday of $0.83 per share, up from $0.37 a year earlier. Analysts polled by Capital IQ expected $0.60. Revenue for the quarter ended June 30 was $693 million, up from $506.9 million a year earlier. Analysts surveyed by Capital IQ expected $331.57 million....
Copyright 2023-2026 - www.financetom.com All Rights Reserved