After the buyback, cofounders Naveen Tewari, Mohit Saxena, Abhay Singhal, and Piyush Shah now collectively own about 60% of the unicorn, according to media reports.
According to stock exchange filings, the stake sale happened through multiple open-market deals between July 15 and September 2. The sale on September 2 crossed SEBI’s 2% disclosure threshold.
SoftBank Group has officially exited its investment in Indian fintech firm Paytm by selling its Singapore subsidiary's stake in PayPay Corporation to SoftBank Vision Fund 2 for $279.2 million
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