SoftBank offloads another 2% stake in Paytm

Japanese technology investor SoftBank has sold an additional 2% stake in digital payments firm Paytm, the latest in a series of divestments in Indian startups.

SVF Holdings (Cayman) Ltd, a SoftBank entity, sold 12.7 million equity shares of Paytm between December 19, 2023 and January 24, according to a stock exchange filing by SoftBank.