Alibaba-backed Antfin Holding BV, a major shareholder of Paytm's parent firm One97 Communications, has divested its entire 5.84% stake in the company for ₹3,800 crore. Antfin is the last remaining Chinese shareholder, and now Paytm will no longer have any Chinese ownership. Major early backers, including Alibaba, SoftBank, and Berkshire Hathaway, have all exited fully over the past two years.
short by
Shristi Acharya /
11:15 am on
05 Aug