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Softbank Reduces Stake In Paytm To Under 3%

SoftBank Paytm India fintech
The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo

Japan's SoftBank has reduced its stake in India's digital payments company Paytm to under 3%. This move comes as part of SoftBank's efforts to trim its exposure to the Indian market.

SoftBank, a major investor in Paytm, has been gradually decreasing its stake in the company. The latest reduction brings SoftBank's ownership in Paytm to less than 3%, down from around 9% earlier.

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