Alibaba is on making its grip in Paytm as the big investor, the company has committed to invest about $177 million in Paytm in past week
Also Alibaba has bought about 1 % share in Reliance Capital by putting $41.2 million.
As per the sources Reliance Capital booked stake in Paytm thru which it got free of cost by asset of the investment in parent company.
Alibaba and SAIF together proclaimed to invest $200 million in Paytm.
Alibaba, the company with its sister concern Ant Financial were having about 40% in Paytm. After the new money investment in the past week the stake is supposed to rise to 60%.