World's top investment mogul eyes on Paytm
Tuesday, August 28, 2018 • Tamil
Listen to article
--:-- / --:--
1x
This is a beta feature and we would love to hear your feedback?
Send us your feedback to audioarticles@vaarta.com
Send us your feedback to audioarticles@vaarta.com
Warren Buffet needs no introduction. He’s an investment mogul. Guess what, his Berkshire Hathaway is in talks to invest a about Rs.2000 cr to Rs.2,500 cr in Paytm. Reportedly, this could be the first ever direct investment of Buffet in India.
It should also be noted that Paytm has Alibaba and Japan’s Softbank backing it up. Word is that Paytm may be valued over $10 billion giving it more leverage. Through primary shares Berkshire Hathaway is planning to get about 3% to 4% stake in the company.
If the investment comes off successful, Paytm may be well on its way to crush competitors like Phonepe, Google’s Tez, WhatsApp and Reliance Jio. Well good times ahead for the company no doubt. It is also worth mentioning here that Buffet has been averse to investing in tech stocks for decades with only last year him saying it was a mistake to have invested.
Follow us on Google News and stay updated with the latest!
Follow
More News
-a3e.jpg "T.S. Balaiya made M.G.R. a hero... narrated by Jai Balaiya Ganesh.")
-3c4.jpg "Sivakarthikeyan has a strong interest in drama... The reason behind my success is Kamal... says Crazy Mohan.")
-e5c.jpg "It was wrong for Savitri to love Gemini. Everyone has a dark side... says actor Rajesh.")
-e66.jpg "In Andhra, Gemini was the villain, and there was emotional pain with her sister... Savitri's daughter Vijaya Chamundeswari.")
-71b.jpg "Looking at Crazy Mohan's dialogues, I developed an inferiority complex... explains Visu.")
-5d5.jpg "Love letters in bundles... it was women who pursued him... - Kamala Selvaraj")
-adc.jpg "Why did you choose alcohol as your companion, Amma?... Jayachitra on Nadigaiyar Thilagam (Savitri)")
-798.jpg "The truth that Sowcar Janaki says: 'If a biopic of politicians is made, it will stink")
-7c2.jpg "The astrologer said that I will act till the end of my life... Vennira Aadai Moorthy")
Headlines
Comments