The transaction happened at an average price of Rs 877.2 per share. Earlier shares of Paytm tanked 3.23 percent to Rs 893.
Warren Buffett-led Berkshire Hathaway has exited One 97 Communications (Paytm), according to bulk deals data published by National Stock Exchange.
Berkshire sold its entire stake, which were bought by Ghisallo Master Fund and Copthall Mauritius Investment. They bought 42,75,000 and 75,75,529 shares, respectively.
The transaction happened at an average price of Rs 877.2 per share. Berkshire pocketed nearly Rs 1,371 crore from the deal.
Earlier in the day shares of Paytm tanked 3.23 percent to Rs 893.
According to the shareholding data as of September-end, Berkshire via BH International held 1,56,23,529 shares in the company. This amounted to 2.46 percent stake in the firm.