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Buffett May Buy Stake in India's Paytm

Deborah DSouza

Warren Buffett may soon make his first direct investment in an Indian company. The billionaire investor's Berkshire Hathaway Inc. ( BRK.B) is reportedly in talks to buy a small stake in One97 Communications Ltd. The company's flagship brand Paytm operates India's largest digital wallet. According to two sources speaking with Mint, Berkshire has been in talks with the One97 since early February to raise about $300-350 million at a valuation of about $10-12 billion.