Softbank to sell Paytm stake worth $200 mn via block deal
Softbank is selling 29 million shares in the secondary offering, representing 4.5% stake in Paytm, around a third of its 12.9% stake in the fintech company
MUMBAI : Japan’s SoftBank will sell a third of its stake in One97 Communications Ltd, the owner of the Paytm payments app, through a $200 million block deal, according to deal terms reviewed by Mint.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more