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.
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.
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