Warren Buffett liquidates position in Indian payments giant Paytm, loses Rs 80 crore:- www.deekpay.com

　　Warren Buffett's Berkshire Hathaway recently announced the sale of its entire remaining stake in Indian digital payments company Paytm. Here is a brief summary of the event:

　　- Berkshire Hathaway sold 15.6 million Paytm shares, equivalent to 2.51 TP3T of Paytm's share capital, at a price of Rs 877.29 per share in a block trade on 24 November, with a total value of about Rs 13.7 billion (about $164 million).

　　- Berkshire Hathaway, which has been investing in Paytm since 2018, has lost a total of Rs 80 crore after this liquidation.

　　- Paytm shares fell 51 TP3T on 24 November, but finally ended at Rs 895 per share, down 31 TP3T from the previous session.Paytm shares have risen 681 TP3T this year, but the current share price is still nearly 601 TP3T below the IPO price.

　　- Paytm was Berkshire Hathaway's first investment in India, but Paytm's IPO was a fiasco, with its shares plummeting 75%, leading to Berkshire Hathaway's decision to stop its losses in time and eventually liquidate its position altogether.