Overview
Alibaba sells 3%
The last month announced an Rs 850 crore share buyback program, have so far plunged around 74.5% from its IPO issue price of Rs 2,150.Shares of Paytm.
Reuters reports, Alibaba, which held a 6.26% stake in Paytm as of end-September, sold 3.1% stake in the company for a total of $125 million through a block deal at a price of Rs 536.95 per share.
- In a recent report, brokerage firm Morgan Stanley said the fintech would be a key beneficiary of India’s UPI incentive scheme of Rs 2600 crore for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (P2M) for FY23.
Open Your Demat Account with Discount Brokers:
ZERODHA 1) : https://zerodha.com/open-account?c=EJ4366
Angelone 2) : https://tinyurl.com/2gloc3g6 or
Upstox3): https://link.upstox.com/9w4tNo1rK8au7VK47
