SoftBank which was one of the early investors in India s tech companies, has been gradually paring stakes in the firms. Earlier in August, it had sold 1.17% in Zomato through bulk deals. Prior to that in July, SoftBank had offloaded about 2% stake in Paytm. In May, SoftBank sold 2.07% stake in the fintech major through a series of open market transactions.
In June 2023, SoftBank Corp. was selected for inclusion in the Dow Jones Sustainability World Index for the first time following a review of the 2022 constituent stocks. What.
SoftBank is now expected to sell fewer Arm shares in the initial public offering (IPO) and would likely be retaining a stake of as much as 90% in the company, according to the sources, adding that Arm s capital raising from the IPO would be less than the range of $8 billion to $10 billion it was earlier planning