Friday, December 4News That Matters

Warren Buffett’s firm confirms Paytm deal

Warren Buffett’s Berkshire Hathaway has made an investment in Paytm’s parent One97 Communications, Economic Times reports, quoting a statement. But Berkshire did not share details of the transaction.

Earlier, media reports said the legendary investor’s company is in talks to invest ₹2,000-2,500 crore in One97 for a 3-4% stake. Paytm is India’s largest payment services provider and claims to have hit a monthly gross transaction value of $4 billion.

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