Berkshire Hathaway exits India’s Paytm in $165 million deal

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Reuters API


Nov 25, 2023

Berkshire Hathaway has exited India’s Paytm after selling its entire stake in the company for about 13.71 billion rupees ($164.70 million) through a bulk deal on Friday.


Berkshire’s BH International Holdings sold more than 15.6 million shares of the digital payments firm, with a weighted average price of 877.29 rupees per share, exchange data showed.

As of Sept. 2023, BH International Holdings had a 2.46% stake in the company, as per exchange data.
The buyers of the shares are not immediately clear.

© Thomson Reuters 2023 All rights reserved.

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