{"id":407,"date":"2022-11-17T09:20:29","date_gmt":"2022-11-17T09:20:29","guid":{"rendered":"https:\/\/mahapragyainvestments.in\/blog\/?p=407"},"modified":"2022-11-29T05:33:37","modified_gmt":"2022-11-29T05:33:37","slug":"softbank-cuts-stake-in-paytm-share-tumbles","status":"publish","type":"post","link":"https:\/\/mahapragyainvestments.in\/blog\/current-talk\/softbank-cuts-stake-in-paytm-share-tumbles\/","title":{"rendered":"Softbank cuts stake in Paytm, share tumbles"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large cnvs-block-core-image-1668676577787\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"605\" src=\"https:\/\/mahapragyainvestments.in\/blog\/wp-content\/uploads\/2022\/11\/paytm-share-1024x605.png\" alt=\"paytm share\" class=\"wp-image-409\" srcset=\"https:\/\/mahapragyainvestments.in\/blog\/wp-content\/uploads\/2022\/11\/paytm-share-1024x605.png 1024w, https:\/\/mahapragyainvestments.in\/blog\/wp-content\/uploads\/2022\/11\/paytm-share-300x177.png 300w, https:\/\/mahapragyainvestments.in\/blog\/wp-content\/uploads\/2022\/11\/paytm-share-768x454.png 768w, https:\/\/mahapragyainvestments.in\/blog\/wp-content\/uploads\/2022\/11\/paytm-share-838x495.png 838w, https:\/\/mahapragyainvestments.in\/blog\/wp-content\/uploads\/2022\/11\/paytm-share.png 1227w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>After Reuters reported that SoftBank Group Corp may sell up to $215 million worth of shares in the Indian e-payment platform, shares of Paytm&#8217;s parent company, One 97 Communications Ltd, plummeted as much as 10% to their lowest level since May.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/mahapragyainvestments.in\/blog\/wp-content\/uploads\/2022\/11\/image.png\" alt=\"\" class=\"wp-image-411\" width=\"721\" height=\"525\" srcset=\"https:\/\/mahapragyainvestments.in\/blog\/wp-content\/uploads\/2022\/11\/image.png 694w, https:\/\/mahapragyainvestments.in\/blog\/wp-content\/uploads\/2022\/11\/image-300x218.png 300w, https:\/\/mahapragyainvestments.in\/blog\/wp-content\/uploads\/2022\/11\/image-680x495.png 680w\" sizes=\"auto, (max-width: 721px) 100vw, 721px\" \/><figcaption class=\"wp-element-caption\">Screenshot from Google<\/figcaption><\/figure>\n\n\n\n<p>According to a term sheet accessed by Reuters, the stock is being sold in the range of 555 to 601.45 per share.<\/p>\n\n\n\n<p>According to a term sheet accessed by Reuters, SoftBank Group Corp intends to sell up to $215 million worth of shares in the parent company of Indian e-payments giant Paytm, One 97 Communications Ltd.<\/p>\n\n\n\n<style>\n.adHolderStory{\npadding: 20px 10px 10px;\nbackground: url(https:\/\/mahapragyainvestments.in\/blog\/wp-content\/uploads\/2022\/11\/advertisement.png) no-repeat 10px 6px #fff;\nborder: 1px solid #e0e0e0;\nmargin: 10px auto 10px;\ntext-align: center;\ndisplay: block;\n}\n<\/style>\n<div class=\"adHolderStory\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3759013230178483\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- MI in blog ad -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-3759013230178483\"\n     data-ad-slot=\"5230588522\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n<\/div>\n\n\n\n<p>As of September 30th, SoftBank held a 17.5% interest in the digital payments and fintech startup.<\/p>\n\n\n\n<p>The bottom of the range represents a 7.7% discount from the company&#8217;s previous closing price. The sale&#8217;s ultimate price will be determined later on Thursday.<\/p>\n\n\n\n<p>The sale is the latest in a series of divestments undertaken by SoftBank in recent months after its flagship Vision Fund subsidiary incurred losses of roughly $50 billion in only six months.<\/p>\n\n\n\n<p><strong>SoftBank and Paytm did not reply to comment queries.<\/strong><\/p>\n\n\n\n<p>According to the term sheet, SoftBank is selling 29 million shares in a transaction that is being overseen by Bank of America.<\/p>\n\n\n\n<style>\n.adHolderStory{\npadding: 20px 10px 10px;\nbackground: url(https:\/\/mahapragyainvestments.in\/blog\/wp-content\/uploads\/2022\/11\/advertisement.png) no-repeat 10px 6px #fff;\nborder: 1px solid #e0e0e0;\nmargin: 10px auto 10px;\ntext-align: center;\ndisplay: block;\n}\n<\/style>\n<div class=\"adHolderStory\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3759013230178483\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- MI in blog ad -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-3759013230178483\"\n     data-ad-slot=\"5230588522\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n<\/div>\n\n\n\n<p>The announcement comes one day after the lock-in period for investors in Paytm&#8217;s initial public offering in November 2021 ended. Wednesday&#8217;s closing price for the company&#8217;s stock was 601.30 rupees, down 4% from its five-month low.<\/p>\n\n\n\n<p>Earlier this year, SoftBank raised $2.4 billion by selling T-Mobile US shares.<\/p>\n\n\n\n<p>Vision Fund sold a variety of assets in the April-June quarter for a realized gain of $5.6 billion, including ride-hailing company Uber Technologies and property platforms Opendoor Technologies and KE Holdings, which owns China&#8217;s Beike.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After Reuters reported that SoftBank Group Corp may sell up to $215 million worth of shares in the Indian e-payment platform, shares of Paytm&#8217;s parent company, One 97 Communications Ltd, plummeted as much as 10% to their lowest level since May. According to a term sheet accessed by Reuters, the stock is being sold in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23,24],"tags":[],"class_list":{"0":"post-407","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-current-talk","8":"category-stock-talk"},"acf":[],"_links":{"self":[{"href":"https:\/\/mahapragyainvestments.in\/blog\/wp-json\/wp\/v2\/posts\/407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mahapragyainvestments.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mahapragyainvestments.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mahapragyainvestments.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mahapragyainvestments.in\/blog\/wp-json\/wp\/v2\/comments?post=407"}],"version-history":[{"count":3,"href":"https:\/\/mahapragyainvestments.in\/blog\/wp-json\/wp\/v2\/posts\/407\/revisions"}],"predecessor-version":[{"id":465,"href":"https:\/\/mahapragyainvestments.in\/blog\/wp-json\/wp\/v2\/posts\/407\/revisions\/465"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mahapragyainvestments.in\/blog\/wp-json\/wp\/v2\/media\/409"}],"wp:attachment":[{"href":"https:\/\/mahapragyainvestments.in\/blog\/wp-json\/wp\/v2\/media?parent=407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mahapragyainvestments.in\/blog\/wp-json\/wp\/v2\/categories?post=407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mahapragyainvestments.in\/blog\/wp-json\/wp\/v2\/tags?post=407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}