2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1.4 billion
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3.5 billion
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7.9 billion
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6.3 billion
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Detailed explanation-1: -SoftBank’s investment in Paytm was $1.6 billion.
Detailed explanation-2: -While SoftBank has invested $1.6 billion into the digital payments firm over the years, among its biggest investments in India, at Paytm’s current share price, the 17.5% stake SoftBank held in the company before Thursday’s share sale is worth only about $900 million.
Detailed explanation-3: -SoftBank had made a total investment of $1.6 billion in Paytm and taken out around $220-250 million in the company’s IPO last November, the report said.
Detailed explanation-4: -According to the company’s December 2022 shareholding, Alibaba had a 6.26 per cent stake in Paytm and another affiliate firm Ant Financial held a 24.86 per cent stake.
Detailed explanation-5: -SYDNEY: SoftBank Group Corp aims to sell shares worth up to $215 million in Indian e-payments giant Paytm’s parent One 97 Communications Ltd through a block deal, according to a term sheet reviewed by Reuters.