World's top investment mogul eyes on Paytm
Tuesday, August 28, 2018 • Tamil
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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.
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