SoftBank sells another 2% Paytm stake – Times of India

by The Technical Blogs

MUMBAI: SoftBank has offloaded an additional 2% stake in Paytm, reducing its shareholding in the Noida-based fintech firm to 5.06%, the company said in a recent stock exchange filing. SoftBank – which has invested over $1 billion into Paytm – was one of its largest shareholders, and held about 18% stake in the firm at the time of its IPO in 2021.
The Japanese investment giant, which has backed a clutch of Indian unicorns like Ola Electric, Oyo and Swiggy, has been paring its stake in local startups. Recently, it fully exited PB Fintech, which runs PolicyBazaar and Zomato.

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