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SoftBank sells 2 per cent stake in Paytm, reducing holding to under 3 per cent
The Business Guardian
|March 01, 2024
Just a month after it sold a 2 per cent stake in Paytm, SoftBank Group on Thursday, announced that it has another 2.17 per cent in the beleaguered payments firm.
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Its stake in Paytm has now fallen to 2.83 per cent from 5.01 per cent earlier.
The Japanese conglomerate held a 17.5 per cent stake in Paytm in September 2022. Since then, it has trimmed its ownership through multiple open market deals, with its most recent cut being in January.
In December and January, the Japanese firm sold a 2 per cent stake in the company, bringing it down to just 5 per cent.
Diese Geschichte stammt aus der March 01, 2024-Ausgabe von The Business Guardian.
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