SoftBank sells another 2% stake in Paytm; holding slips below 10% for Japanese investor

SoftBank has sold an additional 2% stake in One 97 Communications, the parent of Paytm, in a series of transactions, generating $180-200 million, multiple people aware of the development told ET.

This will bring the Japanese investment major’s stake in the payments company to below 10% for the first time, they said.