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This article, like many others, was first published exclusively for long-term supporters, 8 hours before everyone else got to read it.

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, led by partner Amritha Salian, senior associate Alimpan Chatterjee.

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