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

Thursday, 30 August 2018 By Legally India Private equity / VC

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.

Comments

SAM boy 31 Aug 2018, 01:21

+2 -2

Raghubir advises Paytm. And long before Pallavi joined the board.

Guest 31 Aug 2018, 04:25

+1 -0

Out of no where...

alas 31 Aug 2018, 07:19

+2 -0

Reference to bombay shaving company in this article? proof read much?

Guest 31 Aug 2018, 07:20

+3 -0

Is last para relevant to this deal or a shoddy copy-paste job!!

kianganz 31 Aug 2018, 07:23

+2 -0

Haha, those were two fast spots! Had literally accidentally pasted in wrong window 5 minutes ago, instead of in this article: https://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... :)

Guest 31 Aug 2018, 07:21

+1 -0

May not be their first India investment. Did they not invest in spicejet many moons back? Perhaps exited!

kianganz 31 Aug 2018, 07:25

+0 -0

Doesn't look like it but apparently his US investment buffeted Indian airline stocks? https://economictimes.indiatimes.com/markets/stocks/news/warren-buffett-effect-lifts-indian-airline-stocks/articleshow/57379358.cms

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