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Hey I am on Medial • 8m

Japan-based investment giant Softbank has reportedly fully exited Vijay Shekhar Sharma-led Paytm in the June quarter at a massive loss of around $150 million (or about Rs 1,250 crore), PTI reported. Notably, the Masayoshi Son-led firm invested around $1.5 billion in One97 Communications, the parent of Paytm, in 2017 and had around 18% stake during its 2021 IPO.

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