Berkshire's BH International Holdings sold more than 15.6 million shares of the digital payments firm, with a weighted average price of Rs 877.29 per share, exchange data showed
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It could raise funds for as low as 6.5% interest cost including the cost of currency hedging if its first attempt at a Yen bond sale is successful. That would be at least 100 basis points or a percentage point lower than if it were to borrow in US dollars given that yields in that country are at multi-year highs.
As noted by Larry Fink, CEO of Blackrock Inc. (NYSE: BLK) – the largest asset manager in the world – tokenization presents a fundamental shift in markets capable of catal