SoftBank Arm Offloads 2% Stake In Paytm

SoftBank arm SVF India Holdings has offloaded 2.01% shares in fintech unicorn Paytm, reducing the Japanese investment firm's stake in the company to 9.15%.

SoftBank has sold 12,771,434 equity shares in the fintech major's parent company One97 Communications via open market operations between May 9, 2023 and July 13, 2023, One97 Communications said in a regulatory filing on Tuesday.

SVF India Holdings had sold 4.5% in November 2022 and another 2.07% in the first half of 2023.