Alibaba sells 3% stake in large block deal -Paytm shares down 9%, negative news for investors
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…