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SoftBank has fully exited its position in Paytm by selling its remaining 1.4% stake in One97 Communication, the parent entity of Paytm. This marks a significant reduction from the 18% stake held by SVF India Holdings (Cayman) Ltd (SoftBank) during Paytm's IPO in 2021. The exit resulted in a loss of approximately 12-13% on SoftBank's initial $1.55 billion investment. This move signifies SoftBank's broader strategy to reassess its investments in the fintech sector.
🚨 Softbank Vision Fund has exited its big bet on Paytm Masayoshi Son will make about a 12-13% loss on the $1.55 billion investment @thearc_hq has the breakdown 👇 https://t.co/mwMjhC7J0h
#TechWithMC | Japan’s Softbank by selling remaining 1.4% stake has fully exited its position in One97 Communication, the parent entity of Paytm. Read on https://t.co/dY0uGK9jUH #Paytm #SoftBank #Japan
Japan's SoftBank exits Paytm, sells remaining 1.4 percent stake https://t.co/g7z1e1tihZ via @moneycontrolcom
