SoftBank cuts stake in Paytm to under 3%
Thursday, 29 February 2024
SoftBank has cut another 2.1% stake in Paytm, reducing its shareholding in the fintech firm to 2.8%, the company said in a recent stock exchange filing. The Japanese investment behemoth which bets heavily on tech firms had invested over $1 billion into Paytm and held about 18% stake in the Noida-based company at the time of its initial public offering in 2021.
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