Warren Buffett-led Berkshire Hathaway has exited fintech major Paytm by offloading its entire 2.46% stake in the company on Friday (November 24).
Berkshire Hathaway sold 1.56 Cr shares in the company worth about INR 1,370.6 Cr in a bulk deal, as per NSE data.
The buzz that such a large deal took place in Paytm as the company’s shares plunged 5% in the early trading hours to INR 877 on the NSE.
A total of 2.1 Cr shares exchanged hands during today’s trading session on the NSE.
Paytm shares ended Friday’s session 3.1% lower at INR 895 on the NSE and 3.2% lower at INR 893 on the BSE.
Some of the shares sold by Berkshire Hathaway were purchased by Ghisallo Master Fund LP and Copthall Mauritius Investment Limited.
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