NEW DELHI: Billionaire Warren Buffett-backed Berkshire Hathaway on Friday divested its total 2.46% stake in Paytm’s mother or father firm One97 Communications for Rs 1,371 crore by means of an open market transaction. Berkshire Hathaway, by means of its affiliate BH Worldwide Holdings, offered greater than 1.56 crore shares of fintech firm Paytm on the NSE.
The shares had been disposed of at a median worth of Rs 877 apiece, taking the transaction worth to Rs 1,371 crore.
Copthall Mauritius Funding picked up about 75.8 lakh shares and Ghisallo Grasp Fund acquired 42.8 lakh shares, amounting to roughly a 1.2% and 0.7% stake in Paytm, respectively. The shares had been bought at a median worth of Rs 877 apiece, taking the mixture deal worth to Rs 1,040 crore. Particulars of the opposite consumers couldn’t be ascertained.
Shares of One97 Communications declined round 3% to shut at Rs 895 apiece on the NSE on Friday.
In October, Fintech firm One97 Communications, which operates below the Paytm model, reported the narrowing of consolidated loss to Rs 292 crore within the second quarter of the present fiscal. The corporate had posted a lack of Rs 572 crore within the year-ago interval.
The consolidated income from operations of the corporate elevated about 32% to Rs 2,519 crore through the quarter from Rs 1,914 crore a 12 months in the past. businesses
The shares had been disposed of at a median worth of Rs 877 apiece, taking the transaction worth to Rs 1,371 crore.
Copthall Mauritius Funding picked up about 75.8 lakh shares and Ghisallo Grasp Fund acquired 42.8 lakh shares, amounting to roughly a 1.2% and 0.7% stake in Paytm, respectively. The shares had been bought at a median worth of Rs 877 apiece, taking the mixture deal worth to Rs 1,040 crore. Particulars of the opposite consumers couldn’t be ascertained.
Shares of One97 Communications declined round 3% to shut at Rs 895 apiece on the NSE on Friday.
In October, Fintech firm One97 Communications, which operates below the Paytm model, reported the narrowing of consolidated loss to Rs 292 crore within the second quarter of the present fiscal. The corporate had posted a lack of Rs 572 crore within the year-ago interval.
The consolidated income from operations of the corporate elevated about 32% to Rs 2,519 crore through the quarter from Rs 1,914 crore a 12 months in the past. businesses
