Berkshire Hathaway's Loss: Warren Buffett Exits Paytm at a 40% Decrease
Berkshire Hathaway, led by Warren Buffett, has sold its shares in Paytm-parent firm One97 Communications, incurring a loss of approximately 40% on its investment made over five years ago. The investment giant initially invested $260 million in Paytm in 2018, acquiring a 3% stake at a valuation of $10 billion. Berkshire Hathaway sold a stake worth $36 million in 2021 at a profit, and on Friday, it sold its remaining position for $121.6 million. Paytm, which made its IPO debut in 2021, has seen a rebound in its share price following fast revenue growth and improved finances in recent quarters.