Berkshire Hathaway buys a stake in India’s largest digital payments company One97 Communications
- Berkshire confirmed “the investment was made” in One97 Communications — the parent company of Paytm — and said Buffett was not personally involved in the deal and one of the first direct investments in India for Berkshire.
- The Economic Times reported earlier Monday Berkshire was in talks to invest between 20 billion to 25 billion rupees ($286 million to $357 million) and pick up a 3-4 percent stake in One97 Communications.
- Paytm is India’s largest mobile commerce platform and is already backed by Japan’s SoftBank and Chinese tech giant Alibaba.
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