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Warren Buffett’s Berkshire Hathaway taps Themis for $300m first India investment in SAM-client Paytm

Billionaire ‘oracle’ Warren Buffett’s US-based investment fund Berkshire Hathaway is due to buy a $300-350m stake in One97 Communications, which owns Indian payment gateway Paytm, reported Mint. This would be Buffett’s first India investment, valuing the company at around $10-12bn.

According to sources, Shardul Amarchand Mangaldas (SAM) is understood to have advised close client One97, which owns Paytm (the SAM co-managing partner Pallavi Shroff is also on the board of Paytm).

Warren Buffet’s Berkshire Hathaway relied on its trusted US adviser Munger Tolles & Olson (Los Angeles-based name partner Ronald L Olson also being a director of Berkshire Hathaway).

In India, Berkshire Hathaway instructed Themis Associates.

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Like +2 Object -2 SAM boy 31 Aug 18, 06:51
Raghubir advises Paytm. And long before Pallavi joined the board.
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Like +1 Object -0 Guest 31 Aug 18, 09:55
Out of no where...
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Like +2 Object -0 alas 31 Aug 18, 12:49
Reference to bombay shaving company in this article? proof read much?
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Like +3 Object -0 Guest 31 Aug 18, 12:50
Is last para relevant to this deal or a shoddy copy-paste job!!
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Like +2 Object -0 kianganz 31 Aug 18, 12:53 LI subscriber
Haha, those were two fast spots! Had literally accidentally pasted in wrong window 5 minutes ago, instead of in this article: www.legallyindia.com/private-equity-venture-capital/cam-acts-on-colgate-palmolive-1st-india-investment-in-rajaram-client-bombay-shaving-co-for-2-6m-20180831-9513

Thanks for pointing out... :)
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Like +1 Object -0 Guest 31 Aug 18, 12:51
May not be their first India investment. Did they not invest in spicejet many moons back? Perhaps exited!
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