Indian financial services firm Paytm sent shockwaves through the industry on Wednesday after it disclosed that it plans to issue fewer personal loans under 50,000 Indian rupees ($600) in a move that has already started to rattle many fintech investors. Paytm’s move followed the RBI recently tightening norms for consumer loans and publicly expressing concerns … Read more
Berkshire Hathaway sold its shares in the Paytm-parent firm One97 Communications Friday, booking a loss of about 40% on the investment it made more than five years ago. The Warren Buffett firm invested about $260 million in Paytm in 2018, acquiring a 3% stake in the financial services startup at a valuation of about $10 … Read more
Vijay Shekhar Sharma, founder and chief government of Paytm, has entered right into a cope with Ant Monetary to accumulate a ten.30% stake within the Indian monetary providers agency in a transfer that seems to be orchestrated to chop the Noida-headquartered big’s publicity to the Chinese language firm. Resilient Asset Administration, a agency totally owned … Read more