On Friday, Alibaba offloaded its remaining 3.4 percent stake, equivalent to 2.1 crore shares in One97 Communications, Paytm's parent company.
Alibaba held a 6.26 percent stake in the fintech firm at the end of December 2022, and sold nearly 3 percent of it in January 2023.
In November, Alibaba had also divested a 3 percent stake in food aggregator Zomato.