Warren Buffett's Berkshire Hathaway exits Paytm with Rs. 800cr loss
Megha Jain
Content Head
Image Credit: newsbyte
Renowned investor Warren Buffett's Berkshire Hathaway has sold its entire stake in Paytm's parent company One97 Communications Ltd. The investment conglomerate sold 1.56 crore shares, or 2.5% equity, valued at nearly Rs. 1,370 crore at a share price of Rs. 877.29. The sale was executed in a large block deal, resulting in a loss exceeding Rs. 800 crore for the company. The deal, made through BH International Holdings, was Buffett's first-ever investment in India.
