SoftBank Bet On Indian Startups Like Paytm, Zomato — Now Its Looking To Cash In
Portfolio Pulse from Arpit Nayak
SoftBank Group Corp (OTC:SFTBY) plans to sell stakes in Indian startups Paytm and Zomato following a recent rally in their share prices. The company intends to sell shares gradually in smaller tranches on the open market. SoftBank holds an 11.17% stake in Paytm and 3.4% in Zomato.
June 16, 2023 | 8:34 am
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POSITIVE IMPACT
SoftBank plans to sell stakes in Paytm and Zomato, potentially realizing gains from the recent rally in their share prices.
SoftBank's decision to sell stakes in Paytm and Zomato could lead to a positive short-term impact on its stock price, as it may realize gains from the recent rally in the share prices of these companies. This move demonstrates SoftBank's ability to identify and invest in high-performing companies, which could boost investor confidence in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100