Berkshire Hathaway Confirms Investment in India’s Paytm

An advertisement of Paytm, a digital wallet company, is pictured at a road side stall in Kolkata, India on Jan. 25, 2017. (Rupak De Chowdhuri/Reuters)

Berkshire Hathaway Inc made an investment in India’s One97 Communications Ltd, the parent of digital payments firm Paytm, a spokeswoman said on Aug. 27.

Billionaire Warren Buffett, who runs the conglomerate, was not involved in the transaction, according to the emailed statement from Buffett’s assistant, Debbie Bosanek.

By Trevor Hunnicutt