In 50 Words: SoftBank sells 2% stake in Paytm’s parent firm netting $200m profit

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In 50 Words: SoftBank sells 2% stake in Paytm’s parent firm netting $200m profit

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SoftBank has sold another 2% stake in Paytm’s parent company, One97 Communications, generating over US$200 million in open market operations.

This marks the first time SoftBank has sold shares in Paytm at a profit since the fintech firm’s listing in November 2021. Following this sale, SoftBank’s stake in Paytm has dropped to 9.15%.

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