January 12, 2026 11:18 am (IST)
Follow us:
Reliance Cap sells Paytm stake to China's Alibaba Group
Bengaluru, Mar 7 (IBNS) : Reliance Capital has sold its nearly 1 percent stake in digital payments firm Paytm's parent One97 Communications for Rs 275 crore to China's Alibaba Group, The Times of India reported.
Reliance Capital held a 0.83 per cent stake in One97 communications at the end of financial year 2016, as per documents Registrar of Companies.
ToI quoted its sources as saying that the Anil Ambani-led company scooped up about Rs 275 crore through the share sale.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Dalal Street bloodbath! Sensex crashes 780 points, Nifty slips below 25,900 on global jitters
Thu, Jan 08 2026
Bloodbath on Dalal Street! Sensex crashes over 700 points, Nifty down 200 points amid market panic
Thu, Jan 08 2026