Warren Buffett to invest in Paytm

Warren Buffett to invest in Paytm

Warren Buffett's Berkshire Hathaway is set to buy a stake of up to four per cent in the company behind Paytm, valuing the Indian digital payments giant at more than $10 billion, according to press reports.

Citing sources, Indian publication Mint says Berkshire Hathaway has been in talks since February about pumping between $300 million and $350 million into Paytm.

Separately, Bloomberg says that an agreement has been struck on the acquisition of between three per cent and four per cent of Paytm owner One97 Communications.

The deal represents Berkshire Hathaway first investment in India, with Buffet's company joining Softbank and Alibaba among Paytm's investors.

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