SoftBank may sell $1.5b Paytm stake, marking its largest exit in India after Flipkart

SoftBank may sell $1.5b Paytm stake, marking its largest exit in India after Flipkart

Vijay Shekhar Sharma Photographer: Anindito Mukherjee/Bloomberg

Japan’s SoftBank is evaluating selling shares worth around $1.5 billion by starting its first tranche of dilution in the proposed initial share sale of One97 Communications Ltd, which runs the Paytm digital payments service, two people with direct knowledge of the matter said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter