Final Break: SoftBank's $265M Paytm exit costs more than expected

Quick Summary:

SoftBank had projected a narrower final net loss of $100-150 million, anticipating higher proceeds from the sale of Paytm’s stake in PayPay.

The Paytm stock has since marked a recovery from January's regulatory crackdown.

SoftBank acquired Paytm shares at an average cost of Rs 800 per share.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: IndiaJapanSingapore

Topics: Privacy Loss Paypay Paytm Million Final Stake Policy Exit Stock Softbank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 01:35:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 363 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 24250530

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 9 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 13 hours ago

Coverage Areas: India

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