According to media reports, it is now almost confirmed that world-renowned investor Warren Buffett is set to make his first direct investment in India, by investing around Rs 2000 Crore in Paytm‘s parent firm One97 Communications.
Berkshire Hathaway Inc is in talks to invest about Rs 2,000-2,500 Crore in Vijay Shekhar Sharma‘s Paytm, reports said.
Berkshire, the conglomerate run by billionaire Warren Buffett, is said to pick up a 3-4 percent stake in Paytm’s parent and the deal is being done through a primary subscription of shares, The Economic Times said citing people familiar with the matter.
One of Berkshire’s key fund managers, Todd Combs, who is also seen as a potential chief investment officer at the company, is leading the transaction, the newspaper reported.
Berkshire’s investment could be clinched in the coming weeks, valuing Paytm at over $10 billion, the paper said.