Chinese billionaire Jack Ma’s Ant Financial exited One97 Communications, the parent company of Paytm, on Tuesday, according to a PTI report.Â
Ma’s financial services company sold off its entire 5.84% stake in the Indian fintech giant for Rs 3,980 crore via open market transactions.Â
The Ant Group, which is an affiliate company of the Chinese conglomerate group Alibaba, offloaded about 37.3 million equity shares of the Noida-based One97 Communications.
Notably, following this development, share prices of One97 Communications fell…
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