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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Thanks for pointing out... :)
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