• Sunday, August 14, 2022

Business

Berkshire Hathaway Takes Stake Worth £ 275.83 million in India’s Paytm: Reports

Berkshire Hathaway Takes Stake Worth £ 275.83 Mn in India’s Digital Payments Firm, Paytm: Reports

By: Radhakrishna N S

American multinational conglomerate holding company, Berkshire Hathaway Inc has purchased 275.83 million pounds worth stake in the parent company of India’s e-commerce payment system Paytm, media reports said on Tuesday (28). Berkshire Hathaway Inc run by billionaire Warren Buffett has reportedly confirmed that Berkshire had invested in One97 Communications Ltd, parent of Paytm, media reports said. India’s business daily, The Economic Times had reported on Monday (27) that Berkshire was in negotiations for a 3 to 4 percent stake in an agreement valuing Paytm at over 7.75 billion pounds, citing the persons familiar with the matter. The investment by the…

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