Berkshire Hathaway Inc (BRK.B)

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Berkshire Hathaway sells entire stake in Paytm for Rs 1,370 crore
By: Investing | November 24, 2023

Berkshire Hathaway (NYSE:BRKa) has divested its entire holdings in Indian digital payment firm Paytm, selling shares worth Rs 1,370 crore ($168.6 million) at a price of Rs 877.2 each. The transaction saw prominent buyers such as Copthall Mauritius Investment and Ghisallo Master Fund stepping in to acquire the shares.

This move comes as India's financial landscape continues to evolve with the government emphasizing human development indicators (HDI) and sustainable development goals (SDGs) in its financial allocations to states. In the corporate arena, women are taking on more visible roles in boardroom disputes across India Inc, signaling their ascending leadership positions within the industry.

In related business developments, Tesla (NASDAQ:TSLA) has signaled its willingness to commit $2 billion to establish a manufacturing plant in India, contingent upon the government providing concessions on import duties.

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