- A total of 29.4 million shares (4.5% stakes) were sold by the SoftBank Group Corporation at USD 200 million.
- The shares were sold via Open Market Transaction at a closing price of INR 601.30.
- The Bank of America led the sale transactions that follow the end of 1-year obligatory lock-in for pre-IPO investors in Paytm.
- Paytm is a financial services company that was established in 2010 with its headquarters in Noida, UP. The current CEO of the company is Vijay Shekhar Sharma.
- SoftBank Group is a Japan-based multinational conglomerate holding company that was established in 1981 with its headquarters in Tokyo, Japan. The current CEO of the company is Masayoshi Son.
Question:
Q.1 Which company recently sold 4.5% of its stakes in Paytm for USD 200 million?a. Aditya Birla Group
b. SoftBank Group
c. Subaru Corporation
d. Hyundai Group
