SoftBank Group has sold an additional 2% in India's Paytm, the latest in a string of selldowns in the digital payments firm.
The Japanese conglomerate, which sold shares between Dec 19 and Jan 20, now holds a 5.06% stake in the company, according to an exchange filing on Wednesday.
Paytm has recently seen a spate of selldowns, including the exit of Warren Buffett's Berkshire Hathaway and China's Alibaba Group. The Netherlands-based unit of Chinese fintech firm Ant Financial has also trimmed its stake in the company.
The deal value and identity of the buyers of the shares were not immediately clear.
SoftBank has loosened its hold on the company over the past few years, trimming its stake through various open market deals.
Shares of Paytm, which are up nearly 19% so far this year, were trading 0.81% lower on Wednesday.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
PM Modi visits Ram Mandir for first time since 'Pran Pratishtha', offers prayers before roadshow
May 5, 2024 8:59 PM
Visiting temples, obliging selfie requests, jabbing rivals – Kangana Ranaut is wooing voters on campaign trail
May 5, 2024 8:23 PM