Paytm Investor Berkshire Hathaway Exits After Booking Loss

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Warren Buffett’s Berkshire Hathaway has sold its remaining stake in Paytm, India’s largest digital payments company, after booking a loss of ₹507 crore. The firm sold its 2.46% stake in Paytm for ₹1,371 crore to Ghisallo Master Fund and Copthall Mauritius Investment.

Berkshire Hathaway had initially invested ₹2,179 crore in Paytm in September 2018. The firm had sold some of its stake during Paytm’s IPO in 2021, making a profit of ₹301.70 crore. However, the overall sale of its stake resulted in a loss of ₹507 crore.

The sale comes at a time when other major Paytm investors, such as SoftBank and Ant Group, have also been cashing out of the company. Paytm’s stock has been volatile since its IPO, but the company has been narrowing its losses and growing its revenue.

Key Points

  • Berkshire Hathaway has sold its remaining stake in Paytm for ₹1,371 crore.
  • The firm had invested ₹2,179 crore in Paytm in 2018.
  • Berkshire Hathaway has booked a loss of ₹507 crore on its investment in Paytm.
  • The sale comes at a time when other major Paytm investors have been cashing out of the company.
  • Paytm has been narrowing its losses and growing its revenue.