MUMBAI: Ant Financial, the fintech arm of Chinese e-commerce giant Alibaba Group, is planning to offload shares worth nearly Rs 2,200 crore in One97 Communications, the parent company of Paytm, via block deals on Tuesday. Shares are likely to be offered at a floor price of Rs 809.7 apiece — a 6.4% discount to Paytm’s … Read more
Shares of fintech One 97 Communications, which runs the payments platform Paytm, jumped 11.6% to Rs 887 in Monday’s trade on BSE after the company’s boss Vijay Shekhar Sharma entered into an agreement with Ant Financial to buy its 10.30% stake in One97 Communications. Sharma, who is the Founder and Chief Executive Officer of One … Read more
(This story originally appeared in on Jul 09, 2021) BENGALURU: Food aggregator Zomato said it is recovering well after the pandemichit year, which saw its revenue plummet. It said the first quarter of this fiscal was better than the same period last year. The company also said it will soon launch a grocery section on … Read more