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regular-article-logo Friday, 03 May 2024

SoftBank arm SVF India Holdings offloads 2 per cent stake in Paytm

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

PTI New Delhi Published 18.07.23, 04:22 PM
Representational image.

Representational image. Shutterstock

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.

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.

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

Except for the headline, this story has not been edited by The Telegraph Online staff and has been published from a syndicated feed.

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