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SoftBank exits Paytm at ₹1,250 crore loss: Report
short by Mansi Agarwal / on Saturday, 13 July, 2024
Japan's SoftBank fully exited Paytm-parent One97 Communications in the June quarter at a loss of around $150 million (about ₹1,250 crore), PTI reported. "Softbank has exited Paytm at a loss of 10-12%," a source told the publication. The investment bank invested around $1.5 billion in One97 in 2017 and had around 18% stake in the firm during its 2021 IPO.
read more at PTI