-- Alibaba Group Holding Ltd. sold a 3.1% stake worth US$125 million in India's digital payments company Paytm via a block deal, Reuters reports, citing a source with knowledge of the matter.

-- Alibaba sold the stake at 536.95 Indian rupees apiece, with Morgan Stanley advising the company on the deal, Reuters quotes the source as saying.


Full story: https://reut.rs/3iAY8jB


Write to Justina Lee at justina.lee@wsj.com


(END) Dow Jones Newswires

01-12-23 0518ET