Berkshire Hathaway Confirms Investment in India’s Paytm

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
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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.