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19 May 2017

SoftBank pays $1.4bn for 20% stake in One97

SoftBank now holds a 20% stake in Paytm owner One97 Communications, with $400m of its investment being used to buy shares from existing backers.

Author: Robert Lavine, News Editor

Telecommunications and internet group SoftBank invested $1.4bn in One97 Communications, the India-based e-commerce company that owns mobile payment platform Paytm, yesterday.