SoftBank Continues Selldown Trend, Trims 2% Stake in India’s Paytm

SoftBank Group has divested an additional 2% of its stake in Paytm, extending the trend of selldowns in the Indian digital payments firm.

This move follows recent exits by Warren Buffett’s Berkshire Hathaway and Alibaba Group. As of January 20, SoftBank now holds a 5.06% stake in Paytm.

Details about the deal value and the buyers remain undisclosed. Over the years, SoftBank has gradually reduced its stake in Paytm through open market transactions. Despite this, Paytm’s shares, showing a 19% increase this year, experienced a 0.81% dip in trading on Wednesday.