Warren Buffett‘s firm makes an unlisted Indian entry

NEW DELHI: ‘s company has picked up a small stake of 3-4 per cent worth $356 million in ‘s parent company, One97 Communications Ltd.
This is Berkshire‘s — which holds stakes in numerous companies including Apple and Wells Fargo — first noteworthy investment in India after shuttering its local division in 2013.

Berkshire‘s investment in Paytm is a vote of confidence for the Indian payments company as it is a conservative investor in comparison to the likes of Alibaba — which together with its payment division Alipay owns a little over 40 per cent of Paytm — and Softbank.

Yet it dwarfs in comparison to Buffett‘s other investments. The value of Berkshire‘s stake in Apple is over $54 billion and that in Wells Fargo is $24 billion.

The company has stakes in Bank of America worth $20 billion, Kraft Heinz $19 billion , Coca-Cola $18 billion, American Express $16 billion…the list goes on.

Also, Berkshire says Buffett was not involved in the Paytm transaction. Instead, his key deputy, , led the talks which probably explains the rather unusual choice, that of, an unlisted financial tech startup that has yet to make a profit.
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