Berkshire Hathaway Withdraws From India's Paytm, Concluding Multi-Million Dollar Share Disposal: Report
Portfolio Pulse from Nabaparna Bhattacharya
Berkshire Hathaway Inc. has sold its entire 2.5% stake in India's Paytm through a block deal, exiting the investment with a sale of 15.6 million shares at 877.20 rupees each, totaling approximately $167.94 million. The shares were sold on India's National Stock Exchange, and the buyers included Copthall Mauritius Investment Ltd. and Ghisallo Master Fund LP. Berkshire Hathaway's shares (BRK-A and BRK-B) saw a slight decrease in their last trading session.
November 24, 2023 | 5:38 pm
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NEGATIVE IMPACT
Berkshire Hathaway has divested its stake in Paytm, concluding a multi-million dollar share disposal. The impact on BRK-A shares is minimal, with a slight decrease in the last trading session.
The sale of Berkshire Hathaway's stake in Paytm is a significant portfolio adjustment, but given the size of Berkshire's overall holdings, the impact on BRK-A's stock price is likely to be limited. The slight decrease in share price could be a short-term reaction to the news.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Berkshire Hathaway's sale of its Paytm shares has led to a marginal decline in BRK-B's stock price. The disposal of the Paytm stake is complete, with a minor short-term impact expected.
The disposal of the Paytm stake by Berkshire Hathaway is a notable transaction, but the effect on BRK-B's stock price is expected to be minor due to the diversified nature of Berkshire's investments. The small dip in price reflects a conservative investor response.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70