A day after Alibaba sold shares worth $125 million in Paytm,the company said the Chinese internet giant was never a strategic shareholder for Paytm. Paytm CEO Vijay Shekhar Sharma also told CNBC-TV18 that Paytm wasn’t aware of the sale beforehand and that it could have been planned better. Alibaba and Paytm were never together in the business,
he added.
