Berkshire Hathaway sells stake in India’s Paytm for $165m

  • Berkshire Hathaway Sells Paytm Stake
    • Billionaire Warren Buffett’s company, Berkshire Hathaway, sold its entire stake in Indian fintech One 97 Communications (Paytm) for approximately $165 million.
  • 40% Loss on Investment
    • Berkshire Hathaway incurred a loss of around 40% on its total investment in Paytm, compared to the amount invested five years ago.
  • Investment History
    • In 2018, Berkshire Hathaway acquired a 3% stake in Paytm for $300 million at a $10 billion valuation.
    • The company initially sold some stake during Paytm’s IPO in 2021 at a profit.
  • Sale Details
    • Berkshire Hathaway sold its remaining 2.46% stake to Ghisallo Master Fund and Copthall Mauritius Investment.
    • The buyers purchased 4,275,000 and 7,575,529 shares, respectively.
  • Recent Trend of Sales
    • Berkshire Hathaway joins other foreign investors like Ant Group and Softbank in selling shares in Paytm in recent months.
  • Founder’s Investment
    • In August, Paytm’s founder and CEO, Vijay Shekhar Sharma, bought 10.3% of Ant Financial’s stake for approximately $628 million, reducing Ant Group’s shareholding to 13.5%.
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