Japan’s Softbank Sold Another 1.95% Stake in Paytm!

Economy Business

Japanese investor SoftBank has offloaded two per cent of its stake in One 97 Communications, the parent company of fintech major Paytm, over the past one month. SVF India Holdings (Cayman) Ltd, a SoftBank entity, has been reducing its stake in the company by selling its shares in open markets over the past few months. After selling a 2 per cent stake in the fintech company, SoftBank's total shareholding has come down to 5.06 per cent. The company held a 13.24 per cent stake in February 2023.


      Japan-based Softbank Group Corp has sold another 1.95% of paid-up share capital in Paytm’s parent company One97 Communications for approximately Rs 950 crore.

      Japanese investor SoftBank has offloaded two per cent of its stake in One 97 Communications, the parent company of fintech major Paytm, over the past one month.

     

 

     


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