Anil Ambani-controlled Reliance Capital Ltd has sold its nearly 1% stake in digital wallet company Paytm for INR 275 crore ($41 million) to China’s Alibaba Group. The deal, which values Paytm’s marketplace business at $1 billion, will increase the stake of Alibaba and its affiliate Ant Financial (the parent company of Alipay) in Paytm E-Commerce from the current 40% to 62%.