Highlights

  • Paytm has witnessed a series of divestments
  • Notable exits from Warren Buffett's Berkshire Hathaway and China's Alibaba Group
  • The Netherlands-based unit of Chinese fintech firm Ant Financial has also reduced its stake in the company

Latest news

Anant-Radhika pre-wedding bash: Abhishek Bachchan, Aishwarya Rai, Aaradhya groove to dhol beats | Watch

Anant-Radhika pre-wedding bash: Abhishek Bachchan, Aishwarya Rai, Aaradhya groove to dhol beats | Watch

Nikki Haley posts first win in Republican primaries, in Washington DC

Nikki Haley posts first win in Republican primaries, in Washington DC

WPL 2024: Meg Lanning and  Jess Jonassen fashion Delhi Capitals' easy win over Gujarat Giants

WPL 2024: Meg Lanning and Jess Jonassen fashion Delhi Capitals' easy win over Gujarat Giants

Gaza ceasefire negotiations in Cairo as heavy fighting rages

Gaza ceasefire negotiations in Cairo as heavy fighting rages

Denied ticket from Chandni Chowk, BJP MP Harsh Vardhan bows out of active politics

Denied ticket from Chandni Chowk, BJP MP Harsh Vardhan bows out of active politics

Anant-Radhika pre-wedding bash: Shah Rukh Khan, Gauri dance to Udit Narayan's 'Main Yahaan Hoon' | Watch

Anant-Radhika pre-wedding bash: Shah Rukh Khan, Gauri dance to Udit Narayan's 'Main Yahaan Hoon' | Watch

Inside Anant Ambani-Radhika Merchant's pre-wedding bash: Bride-to-be makes grand entry | watch

Inside Anant Ambani-Radhika Merchant's pre-wedding bash: Bride-to-be makes grand entry | watch

Two dead in Noida mall after iron grille falls from 5th floor

Two dead in Noida mall after iron grille falls from 5th floor

SoftBank unloads additional 2% stake in Paytm amidst surge in fintech sell-offs

SoftBank executed these share sales between December 19 and January 20, resulting in the adjustment of its ownership to a 5.06% stake

SoftBank unloads additional 2% stake in Paytm amidst surge in fintech sell-offs

SoftBank Group has divested an additional 2% stake in India's Paytm, marking the latest instance in a series of sell-offs within the digital payments firm. Following share sales conducted between December 19 and January 20, the Japanese conglomerate now possesses a 5.06% stake in the company, as disclosed in an exchange filing on Wednesday.

Paytm has witnessed a succession of sell-offs, including notable exits from Warren Buffett's Berkshire Hathaway and China's Alibaba Group. The Netherlands-based unit of the Chinese fintech firm Ant Financial has also opted to reduce its stake in the company. The deal's value and the identity of the share buyers remain undisclosed at present.

SoftBank has gradually decreased its stake in the company over the past few years through various open market transactions. Despite Paytm's shares experiencing a nearly 19% rise this year, they observed a 0.81% decline in trading on Wednesday.


Up Next

SoftBank unloads additional 2% stake in Paytm amidst surge in fintech sell-offs

SoftBank unloads additional 2% stake in Paytm amidst surge in fintech sell-offs

Info Edge apps restored on Google Play amidst government assurance

Info Edge apps restored on Google Play amidst government assurance

Anant Ambani-Radhika Merchant pre-wedding celebration cost revealed

Anant Ambani-Radhika Merchant pre-wedding celebration cost revealed

Sensex, Nifty hit another record high during special trading session

Sensex, Nifty hit another record high during special trading session

Google removes Naukri and 99acres apps from play store over billing policy violations

Google removes Naukri and 99acres apps from play store over billing policy violations

Paytm Payments Bank hit with Rs 5.49 cr fine for money laundering violations

Paytm Payments Bank hit with Rs 5.49 cr fine for money laundering violations

More videos

Invest Smart 2024: Financial products every woman should invest in

Invest Smart 2024: Financial products every woman should invest in

Elon Musk sues OpenAI and CEO Sam Altman for contract breach

Elon Musk sues OpenAI and CEO Sam Altman for contract breach

February GST collection at Rs 1.68 lakh crore, up 12.5%

February GST collection at Rs 1.68 lakh crore, up 12.5%

97.62% of Rs 2,000 currency notes returned; says RBI

97.62% of Rs 2,000 currency notes returned; says RBI

Rihanna's whopping paycheck for Ambani pre-wedding event revealed

Rihanna's whopping paycheck for Ambani pre-wedding event revealed

Stock exchanges BSE and NSE to conduct special live trading session on Saturday; here's why

Stock exchanges BSE and NSE to conduct special live trading session on Saturday; here's why

From tax-saving deadline to FASTag KYC: Here are 5 critical dates you can't miss in March 2024

From tax-saving deadline to FASTag KYC: Here are 5 critical dates you can't miss in March 2024

GDP for Q3 FY24 forecast to be 6.8%: SBI Ecowrap

GDP for Q3 FY24 forecast to be 6.8%: SBI Ecowrap

Markets spike, hit new record highs after better than expected GDP numbers

Markets spike, hit new record highs after better than expected GDP numbers

Gold, Silver Price Today March 01, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Gold, Silver Price Today March 01, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.