- 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.
Paytm in talks with SoftBank
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SoftBank Group Corp. |