BERK­SHIRE HATHAWAY IN­VESTS IN PAYTM

Business Today - - THE BUZZ -

In its first di­rect in­vest­ment in In­dia, War­ren Buf­fet-led Berk­shire Hathaway has picked up a small stake of 3-4 per cent in One97 Com­mu­ni­ca­tions, the par­ent com­pany of dig­i­tal pay­ments ma­jor Paytm. The US in­vestor will also get a board seat. Al­though de­tails are not known, Buf­fet’s com­pany was re­port­edly in talks with Paytm to in­vest about ` 2,200-2,500 crore at a val­u­a­tion of about $10-12 bil­lion.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.