Berkshire Hathaway sold its stake in Paytm, receiving Rs 1,371 crore from the transaction. The shares were bought by Ghisallo Master Fund and Copthall Mauritius Investment. SoftBank has also been selling its shares in Paytm through open market transactions.
Berkshire Hathaway, the investment firm billionaire Warren Buffet, has sold its entire 2.46 per cent stake in One97 Communications, the parent company of fin-tech company Paytm, for Rs 1,371 crore.
The sale was made through an open market transaction, in which BH International Holdings, an affiliate of Berkshire Hathaway, offloaded over 1.56 crore shares of Paytm on the National Stock Exchange (NSE).
As per the bulk deal data available with the NSE, the company sold 1,56,23,529 shares, representing a 2.46% stake in Paytm.
Berkshire Hathaway sold off all of its shares in an undisclosed company. The shares were bought by Ghisallo Master Fund and Copthall Mauritius Investment, with Ghisallo purchasing 4,275,000 shares and Copthall buying 7,575,529 shares.
