Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
News18 » Business
1-min read

eBay Buys 5.5% Stake in Paytm Mall for $160 Million

Paytm E-commerce, the parent firm of Paytm Mall, has issued preferential shares on private placement basis to e-Bay.


Updated:July 31, 2019, 9:40 PM IST
facebookTwitter Pocket whatsapp
Paytm Payments Bank Logs Rs 30.7 Crore loss in August 2016 - March 2017 (twitter.com/PaytmBank)
Image for representation. (twitter.com/PaytmBank)

New Delhi: US based e-commerce firm eBay has bought a 5.59 per cent stake in Paytm Mall for USD 160 million (around Rs 1,101 crore), according to a regulatory filing by Paytm E-commerce Private Limited.

Paytm E-commerce, the parent firm of Paytm Mall, has issued preferential shares on private placement basis to e-Bay.

"E-bay has invested around USD 160 million in Paytm Mall for a 5.59 per cent stake. The money was received from the Singapore arm of the US-based e-commerce juggernaut," a source told PTI.

With this round, Paytm Mall has raised about USD 805 million in total funding across three rounds.

Alibaba's Singapore-based entity owns 30.15 per cent stake in Vijay Shekhar Sharma-led firm while SoftBank will have a little over 21 per cent shareholding post this investment.

When contacted, Paytm Mall executive director Rudra Dalmia said, "We are proud to have investors like eBay and Alibaba who have always been disciplined investors and disciplined operators - focusing on the bottom line and profitable for several years consistently. Their guidance and support will be invaluable to the management."

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp
Most Active
Company Price Change %Gain
Yes Bank 42.75 4.40
AAVAS Financier 1,951.00 -2.43
Infosys 782.95 -0.20
Alembic Pharma 590.20 0.03
Reliance 1,521.70 -0.35
Top Gainers
Company Price Change %Gain
UltraTechCement 4,641.05 2.47
Tech Mahindra 787.50 2.43
Kotak Mahindra 1,643.95 2.35
Larsen 1,359.80 2.03
Axis Bank 737.30 2.01
Top Losers
Company Price Change %Gain
Power Grid Corp 196.95 -2.14
IndusInd Bank 1,316.00 -1.21
Tata Motors 186.45 -1.04
Sun Pharma 447.70 -0.49
TCS 2,184.60 -0.40

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results