No. of Recommendations: 4
Billionaire Warren Buffett's Berkshire Hathaway (BRKa.N) has exited India's Paytm (PAYT.NS) after selling its entire stake in the company for about 13.71 billion rupees ($164.70 million) through a bulk deal on Friday.
Berkshire Hathaway's BH International Holdings has sold more than 15.6 million shares of the digital payments firm, with a weighted average price of 877.29 rupees per share, exchange data showed.
reuters.com - Berkshire hathaway exits indias paytm mln dealPurchased in 2018 for $356 million. Don’t know if there were intermediate disposals. If not a big loss of over 50%. This was a Todd Combs investment and not Buffet’s.
reuters.com - US paytm funding berkshire