REUTERS/Rupak De Chowdhuri/File Photo Acquire Licensing RightsBENGALURU, Nov 24 (Reuters) - Billionaire Warren Buffett's Berkshire Hathaway (BRKa.N) has exited India's Paytm (PAYT.NS) after selling its entire stake in the company for about 13.71 billion rupees ($164.70 million) through a bulk deal on Friday.
Berkshire Hathaway's BH International Holdings has sold more than 15.6 million shares of the digital payments firm, with a weighted average price of 877.29 rupees per share, exchange data showed.
Who the buyers of the Paytm shares are is not known.
Paytm did not immediately respond to a Reuters request for additional details, while Berkshire was not available for comment.
As of September 2023, BH International Holdings had a 2.46% stake in the company, as per exchange data.
Persons:
Warren Buffett's Berkshire Hathaway, Paytm, Vijay Shekhar Sharma, Hritam Mukherjee, Sonia Cheema, Pooja Desai
Organizations:
REUTERS, Rights, ., Holdings, BH International Holdings, SoftBank, HK, Ant, Thomson
Locations:
Kolkata, India, . Berkshire, Berkshire, Bengaluru