<p> New Delhi: Billionaire Warren Buffet's Berkshire Hathaway Inc has sold its entire 2.46 per cent stake in Paytm for Rs 1,371 crore through an open market transaction at a loss of about 31 per cent per share.</p>.<p> The company had acquired 2.6 per cent stake in Paytm for Rs 1,279.7 per share at an aggregate value of Rs 2,179 crore, as per an official document.</p>.<p> The shares were disposed of on Friday at an average price of Rs 877.29 apiece, taking the transaction value to Rs 1,370.63 crore, according the data available on the NSE.</p>.<p> A comparison of the purchase and sale price of the shares show a loss of 31 per cent apiece.</p>.<p> Berkshire Hathaway Inc through its affiliate BH International Holdings sold more than 1.56 crore shares of fintech Paytm's parent One97 Communications on the National Stock Exchange (NSE).</p>.<p> According to the bulk deal data available with the NSE, BH International Holdings offloaded 1,56,23,529 shares, or 2.46 per cent stake, in Noida-based Paytm.</p>.<p> At the end of the September quarter, BH International Holdings held 2.46 per cent stake in Paytm, shareholding data available with the BSE showed.</p>.Warren Buffet’s conglomerate sells entire stake in Paytm at a loss.<p> It could not be immediately ascertained when the entity had offloaded the 0.14 per cent stake.</p>.<p> Meanwhile, on Friday, Copthall Mauritius Investment picked up 75,75,529 shares and Ghisallo Master Fund LP acquired 42.75 lakh shares, amounting to a 1.19 per cent and 0.67 per cent stake in Paytm, respectively.</p>.<p> The shares were purchased at an average price of Rs 877.20 per piece, taking the aggregate deal value to Rs 1,039.52 crore.</p>.<p> Details of the other buyers could not be ascertained.</p>.<p> Shares of One97 Communications declined 3.08 per cent to close at Rs 895 apiece on the NSE on Friday.</p>.<p> In October, Fintech company One97 Communications, which operates under the Paytm brand, reported the narrowing of consolidated loss to Rs 291.7 crore in the second quarter of the current fiscal.</p>.<p> The company had posted a loss of Rs 571.5 crore in the year-ago period.</p>.<p> The consolidated revenue from operations of the company increased about 32 per cent to Rs 2,518.6 crore during the quarter from Rs 1,914 crore a year ago. </p>
<p> New Delhi: Billionaire Warren Buffet's Berkshire Hathaway Inc has sold its entire 2.46 per cent stake in Paytm for Rs 1,371 crore through an open market transaction at a loss of about 31 per cent per share.</p>.<p> The company had acquired 2.6 per cent stake in Paytm for Rs 1,279.7 per share at an aggregate value of Rs 2,179 crore, as per an official document.</p>.<p> The shares were disposed of on Friday at an average price of Rs 877.29 apiece, taking the transaction value to Rs 1,370.63 crore, according the data available on the NSE.</p>.<p> A comparison of the purchase and sale price of the shares show a loss of 31 per cent apiece.</p>.<p> Berkshire Hathaway Inc through its affiliate BH International Holdings sold more than 1.56 crore shares of fintech Paytm's parent One97 Communications on the National Stock Exchange (NSE).</p>.<p> According to the bulk deal data available with the NSE, BH International Holdings offloaded 1,56,23,529 shares, or 2.46 per cent stake, in Noida-based Paytm.</p>.<p> At the end of the September quarter, BH International Holdings held 2.46 per cent stake in Paytm, shareholding data available with the BSE showed.</p>.Warren Buffet’s conglomerate sells entire stake in Paytm at a loss.<p> It could not be immediately ascertained when the entity had offloaded the 0.14 per cent stake.</p>.<p> Meanwhile, on Friday, Copthall Mauritius Investment picked up 75,75,529 shares and Ghisallo Master Fund LP acquired 42.75 lakh shares, amounting to a 1.19 per cent and 0.67 per cent stake in Paytm, respectively.</p>.<p> The shares were purchased at an average price of Rs 877.20 per piece, taking the aggregate deal value to Rs 1,039.52 crore.</p>.<p> Details of the other buyers could not be ascertained.</p>.<p> Shares of One97 Communications declined 3.08 per cent to close at Rs 895 apiece on the NSE on Friday.</p>.<p> In October, Fintech company One97 Communications, which operates under the Paytm brand, reported the narrowing of consolidated loss to Rs 291.7 crore in the second quarter of the current fiscal.</p>.<p> The company had posted a loss of Rs 571.5 crore in the year-ago period.</p>.<p> The consolidated revenue from operations of the company increased about 32 per cent to Rs 2,518.6 crore during the quarter from Rs 1,914 crore a year ago. </p>