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Paytm in talks with SoftBank

Apr. 19, 2017 7:24 AM ETSoftBank Group Corp. (SFTBY) StockSFTBF, SFTBYBy: Yoel Minkoff, SA News Editor1 Comment
  • Paytm is in talks with SoftBank (OTCPK:SFTBY) to raise $1.2B-$1.5B in cash, making the latter one of the largest shareholders in the fintech start-up, Mint reports.
  • It could also increase the electronics payments provider's valuation to $7B-$9B.
  • Besides investing money in the company, the deal will see SoftBank buy some shares from existing Paytm investor SAIF Partners and founder Vijay Shekhar Sharma.

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