Softbank sells 4.5% stake in Paytm, to slow down investments as valuation drops
Edited By WION Video Desk
Published: Nov 16, 2022, 22:05 IST | Updated: Nov 16, 2022, 22:05 IST
The latest sell-off in a string of divestments made by startups focused Softbank, has come from India. Japan's investment bank has sold 4.5% stake in Indian digital payment giant Paytm, for block deals for $200 million. The shares of Paytm owned by billionaire Vijay Shekhar Sharma fell more than 9% on the news of the trade.
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