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SoftBank arm offloads 2% stake in Paytm

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NewsDrum Desk
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New Delhi: SoftBank arm SVF India Holdings has offloaded 2.01 per cent shares in fintech unicorn Paytm, reducing the Japanese investment firm's stake in the company to 9.15 per cent.

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SoftBank has sold 12,771,434 equity shares in the fintech major's parent company One97 Communications via open market operations between May 9, 2023 and July 13, 2023, One97 Communications said in a regulatory filing on Tuesday.

SVF India Holdings had sold 4.5 per cent in November 2022 and another 2.07 per cent in the first half of 2023.

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