Hong Kong Stock Exchange-listed online lottery firm AGTech Media, in which Alibaba Group holds a controlling stake, has entered into a joint venture (JV) with mobile wallet and payments firm Paytm to set up a gaming company in India. Paytm will hold 55% in the new joint venture while AGTech group will own 45%. 

AGTech Media and Paytm Group will together invest $16 million(Rs 103 crore) in the venture. The company’s board will have five directors, three from Paytm and two from AGTech  .. 

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