Paytm parent to spin off e-commerce business
One97 Communications creates new entity Paytm E-Commerce Pvt. Ltd, which will control the firm's online retail business
New Delhi: One97 Communications Ltd, which runs Paytm, will separate its e-commerce business as its key investor Alibaba Group Holding Ltd firms up plans to enter India either independently or through an acquisition, three people close to the development said.
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