Paytm E-commerce has changed its name to Pai Platforms and has acquired Bitsila, a seller platform on ONDC, gaining share in the online retail business. According to sources aware of the development, the company had...
SoftBank sells majority stake in Paytm before regulatory scrutiny causes stock dive
SoftBank Group Corp. sold a majority of its stake in Paytm before regulatory scrutiny caused the once-celebrated Indian fintech firm’s shares to dive, according to the Vision Fund’s executive managing partner, as per a...
Paytm denies speculations on Jio Financial’s acquisition of Paytm Wallet
In response to recent speculations surrounding the potential acquisition of Paytm Wallet by Jio Financial, Paytm has refuted these claims. The company, in an official release, stated that the news item suggesting such...
Antfin Holdings selling 10.3% stake in India’s Paytm for $628 mln
A subsidiary of China’s Ant Financial will sell a 10.3% stake in India’s Paytm, with the company’s founder and CEO intending to boost his holding to simplify the ownership structure of one of...
SoftBank, Ant discuss Paytm stake sale – ET
China’s Ant Group and Japan’s SoftBank Group Corp are likely to offload their stakes in Indian digital payments firm Paytm in the open market, after talks with Bharti Airtel founder failed, the Economic...
Telecom tycoon Sunil Mittal is seeking a stake in Paytm
Indian telecommunications tycoon Sunil Mittal is seeking a stake in Paytm by merging his financial services unit into the fintech giant’s payments bank, according to people with knowledge of the matter. Mittal seeks to...
Jack Ma-backed Ant group plans to pare stake in Paytm
Ant Group Co. is considering selling some of its shares in the operator of Indian financial technology firm Paytm to keep its holding within a required threshold, according to people familiar with the matter. The...
China’s Alibaba Group sells its entire remaining 3.4% stake in Paytm
China’s Alibaba Group has fully exited Indian digital payments firm Paytm, news agency ANI reported on Friday. Alibaba had a 3.4 per stake, or 2.1 crore shares, in Paytm’s parent company One97...
Alibaba Group sells Paytm stake worth $125 million through block deal
China’s Alibaba Group sold a 3.1% stake in Indian digital payments firm Paytm worth $125 million through a block deal on Thursday, a source with direct knowledge of the matter told Reuters. Alibaba, which held a 6...
Softbank to divest 29 mn shares in Paytm via block deals on Thursday
SoftBank plans to offload 29 million shares in One97 Communications, which operates India’s largest payments platform Paytm. The global tech investor is offering shares in the range of Rs 555-Rs 601.45 via block deals...
Paytm’s Acquisition Of General Insurer Raheja Qbe Terminated As It Overshoots The Deadline
One97 Communications Ltd., which owns digital payments firm Paytm, said its share purchase agreement to acquire 100% of Raheja QBE General Insurance Company Ltd. has been terminated as its transaction could not be...
Jack Ma Exits Paytm Mall; Sells 43% For ₹42 Crore
Five years after making its biggest bet in India’s e-commerce market, Jack Ma-led Alibaba and Ant Financials have exited Paytm E-commerce Pvt. Ltd, the parent entity of Paytm Mall. Paytm E-commerce bought back the...