Berkshire Hathaway takes stake in Paytm
NEW YORK/MUMBAI (Reuters) - Berkshire Hathaway Inc invested 25 billion rupees ($356 million) in the Indian company behind digital payments firm Paytm, according to a source with direct knowledge of the deal, in a foray by the conglomerate into India and the financial payments industry.Billionaire Chairman Warren Buffett's assistant, Debbie Bosanek, confirmed Berkshire's investment in India's One97 Communications Ltd in an email.
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