Warren Buffett's Berkshire Hathaway exits Paytm with Rs. 800cr loss
Renowned investor Warren Buffett's Berkshire Hathaway has sold its entire stake in Paytm's parent company One97 Communications Ltd. The investment conglomerate sold 1.56 crore shares, or 2.5% equity, valued at nearly Rs. 1,370 crore at a share price of Rs. 877.29. The sale was executed in a large block deal, resulting in a loss exceeding Rs. 800 crore for the company. The deal, made through BH International Holdings, was Buffett's first-ever investment in India.