Skip to main content

Warren Buffett set to buy a stake in Paytm in the coming weeks

Warren Buffett set to buy a stake in 

Paytm in the coming weeks


Warren Buffett's Berkshire Hathaway and One97 Communications are reported looking to wrap the deal under the covers without making much hullaballoo of it in the market. When both the companies were approached to make a comment, they stayed coy over the matter and refused to reveal any details.


Warren Buffett had entered the Indian market in 2011 in collaboration with Bajaj Allianz but ended the partnership two years later
Warren Buffett had entered the Indian market in 2011 in collaboration with Bajaj Allianz but ended the partnership two years later


Warren Buffett’s Berkshire Hathaway Inc is all set to buy a stake in Paytm’s parent organisation One97 Communications Ltd which is reported to cost the American business magnate over Rs 2,000-2,500 crore ($300-350 million). This is going to be the first investment of Buffett in an Indian company. According to reports, the mega-million deal is likely to be finalised within the next two weeks.
Berkshire Hathaway and One97 Communications are reported looking to wrap the deal under the covers without making much hullaballoo of it in the market. When both the companies were approached to make a comment, they stayed coy over the matter and refused to reveal any details.
It is also being said that if Warren Buffett goes ahead with this deal, it will be his maiden investment in a privately-held technology company in the world. It should be noted that Berkshire Hathaway earlier held a stake in International Business Machines (IBM), which is a publicly listed technology company, but exited it after a while. Buffett continues to own a stake in another publicly listed firm Apple.
Warren Buffett had entered the Indian market in 2011 in collaboration with Bajaj Allianz but ended the partnership two years later due to excessive regulations in the country.
Ever since then there has been much talk of Warren Buffett again entering the Indian market and if the deal with Paytm’s parent company materialises, it can bring about revolutionary changes to the Indian internet and technology industry.
Paytm, which is the largest payment services provider in the country, already has a star-studded list of investors in China’s Alibaba, Japan’s SoftBank Group and Ant Financial.

Comments

Post a Comment

Popular posts from this blog

یہ معجزاتی سفر آپ کی عظمت ورفعت پر ایک روشن دلیل ، انسانیت کی معراج اور بندگی کا سب سے بلند و بالا اعزاز ہے

یہ معجزاتی سفر آپ  کی عظمت ورفعت پر ایک روشن دلیل ، انسانیت کی معراج اور بندگی کا سب سے بلند و بالا اعزاز ہے خاتم الانبیاء،سرورِ کونین، حضرت محمد مصطفیٰ ﷺ کے معجزات میں سے ایک عظیم معجزہ معراج النبیﷺ ہے۔’’ معراج‘‘ عروج سے مشتق ہے، عروج کے معنیٰ ہیں بلندی پر جانا۔خاتم النبیین حضرت محمد ﷺ سے قبل جتنے انبیائے کرامؑ تشریف لائے، یہ بلندی اللہ تعالیٰ نے سب کو عطا فرمائی، لیکن دیگر انبیائے کرامؑ کی معراج اور آنحضرت ﷺ کی معراج میں نمایاں فرق یہ ہے کہ دیگر تمام انبیائے کرامؑ کو یہ عظمت و بلندی اللہ تعالیٰ نے فرش پر عطا فرمائی،جب کہ حضور اکرم ﷺ کو یہ عظمت و رفعت اور بلندی اللہ تعالیٰ نے عرش پر عطا فرمائی۔یہ ایک روشن حقیقت ہے کہ نبی اکرمﷺ کے اعلان نبوت سے پہلے کے چالیس سالہ دور میں کفار مکہ متفقہ طور پر محمد ابن عبداللہ کی حیثیت سے آپﷺ کو صادق اور امین کے لقب سے پکارتے تھے۔ دیانت کے حوالے سے آپ کے پاس بلا جھجک، بلا خوف و خطر اپنی امانتیں رکھواتے تھے،لیکن جیسے ہی آپ ﷺ نے اپنی عمر کے چالیس سال مکمل فرمائے۔ آپﷺ نے بحیثیت محمد رسول اللہﷺ اعلان نبوت فرمایا اور کلمۂ حق کے قبول کرنے کی دعو...
Read more

Supreme Court to hear APS attack case on Oct 5

Image
Supreme Court to hear APS attack case on Oct 5 More than 140 people, most of them students, were martyred in the terrorist attack in Dec 2014. ISLAMABAD  After a longstanding demand of the victim’s parents to conduct a judicial inquiry into the 2014 APS massacre, the Surpeme Court of Pakistan has fixed October 5 as the date for hearing of the suo moto notice.  A three-member bench headed by Chief Justice Saqib Nisar will hear the case. Notices have also been sent to the attorney general and advocate general of Khyber Pakhtunkhwa among others.  It may be mentioned here that Chief Justice Saqib Nisar had had taken a suo motu notice of the matter in April this year when parents of some victims approached him while he was hearing other cases in Peshawar. In May, the apex court had ordered probe into the APS massacre through a judicial commission comprising a judge of the Peshawar High Court (PHC). On December 16, 2014, the horrific terr...
Read more

Priyanka Chopra breaks silence on Tanushree Dutta-Nana Patekar harassment controversy

Image
Priyanka Chopra breaks silence on Tanushree Dutta-Nana Patekar harassment controversy Tanushree Dutta-Nana Patekar harassment controversy: Bollywood actor Priyanka Chopra has ended her silence and has come out in support of Former Bollywood actor Tanushree Dutta. Along with her, Parineeti Chopra also backed Tanushree and stated that survivors are survivors because they have experienced something horrible and have shown the courage to come out of it. Tanushree Dutta-Nana Patekar harassment controversy: With Tanushree Dutta’s confession that veteran actor Nana Patekar alleged harassed her on the sets of the film Horn Ok Please, it seems like India is on the verge of having its #MeToo movement. Joining a list of celebrities, Bollywood actor Priyanka Chopra has come out in support of Tanushree on her official Twitter account. Responding to Farhan Akhtar’s reply to Journalist Janice Sequira where she has testified Tanushree’s claims, Priyanka stated the world needs to beli...
Read more