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SoftBank Sells Stakes in Paytm

Published on November 20, 2022
Current Context: The SoftBank Group Corporation sold 4.5% stakes in the owner of the Paytm payments app, One97 Communications Ltd.
SoftBank Sells Stakes in Paytm
  • 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.


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
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