Wednesday, April 24, 2024
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Alibaba

SVF India Holdings had sold 4.5 per cent in November 2022 and another 2.07 per cent in the first half of 2023

Zhang will continue to work as the CEO and chairman of the e-commerce company’s Cloud Intelligence Group

Foreign institutional shareholding has seen a jump from 6.7 per cent to 11.5 per cent with FPIs increasing their stake in the company substantially

Each newly created entity will be responsible for its performance and able to pursue initial public offerings when ready

The Paytm board approved the buyback of shares worth Rs 850 crore on December 13, representing 6.67 per cent of the total paid-up share capital

It owned a total of 6.26 per cent shareholding in the company. In January, the Chinese multinational sold a 3.1 per cent stake

The Chinese e-commerce giant Alibaba joins technology firms including Alphabet and Baidu to compete to OpenAI and Microsoft’s ChatGPT AI chatbot

The Alibaba Group firm holds around 25 per cent stake in One97 Communications which operates under the Paytm brand

The development follows Alibaba's stake sale in BigBasket and Zomato

Innovation, investment and institutional support will be crucial in laying the groundwork that can give indigenous start-ups a fillip to gain their rightful place on the global podium