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Warren Buffett’s Berkshire Hathaway Is Buying Stake in Paytm

Andrew Brunton
Warren Buffett’s Berkshire Hathaway Is Buying Stake in Paytm

Putting speculation at rest, Berkshire Hathaway has confirmed its investment in One97 Communications, the parent company of India’s largest digital payment platform, Paytm. Berkshire Hathaway confirmed the news in an email reply to a Reuters query. Citing people familiar with the matter, the news agency revealed that Berkshire Hathaway had bought a stake worth 25 billion Indian rupees (or $356 million).