Paytm told the stock exchange that SVF India Holdings (Cayman) sold 12,784,787 Paytm shares, which account for 2.17 per cent stake in the Vijay Shekar Sharma-led company.
SoftBank reduces stake in Paytm by 2 2%: Report yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
It held a 17.5% stake in Paytm in September 2022 later it trimmed its ownership through multiple open market deals. After this sale, the company s stake in Paytm’s parent One97 Communications went down to 2.83 percent from 5.01 per cent earlier.
The Rs 91,000-crore project will be set up in Gujarats Dholera district in partnership with Taiwanese Powerchip Semiconductor Manufacturing Corp (PSMC), Union communications and IT minister Ashwini Vaishnaw told a press briefing on Thursday.