Softbank Sells Stocks Worth $1.8 Bn From Paytm, Zomato, Others

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Paytm

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PB Fintech

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Zomato

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Delhivery

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Being one of the biggest shareholders of IPO Bound Ola Electric and FirstCry, Softbank will be looking to divest its interest in the same. Stay tuned to follow along!

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Softbank Sells Stocks Worth $1.8 Bn From Paytm, Zomato, Others

Paytm

In July, SoftBank offloaded over 2% stake in Paytm’s parent One97 Communications worth about $300 Mn. Earlier in May, SoftBank offloaded over a 2% stake in the company.

PB Fintech

In December, SoftBank offloaded 2.53% of its stake in PB Fintech, through multiple block deals, amounting to a cumulative $109 Mn.

Zomato

On December 8, SoftBank offloaded 9.35 Cr ($1.1Mn) shares of foodtech giant Zomato in an INR 1,127 Cr block deal.

Delhivery

On November 17, approximately 1.8 Cr shares, constituting 2.51% of equity in Delhivery, were exchanged in a deal valued at $89.6 Mn, with each share priced at INR 403.51.

Being one of the biggest shareholders of IPO Bound Ola Electric and FirstCry, Softbank will be looking to divest its interest in the same. Stay tuned to follow along!