{"id":832544,"date":"2024-07-15T09:31:10","date_gmt":"2024-07-15T04:01:10","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=832544"},"modified":"2024-07-15T09:38:53","modified_gmt":"2024-07-15T04:08:53","slug":"softbank-exits-paytm-in-june-quarter-at-loss-of-around-150-mn-report","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/15\/softbank-exits-paytm-in-june-quarter-at-loss-of-around-150-mn-report\/","title":{"rendered":"Softbank exits Paytm in June quarter at loss of around $150 mn: Report"},"content":{"rendered":"<p>Japan&#8217;s Softbank investment arm Softbank Vision Fund exited from Paytm in the June quarter at a loss of around $150 million, sources aware of the development said. <\/p>\n<p>Softbank invested about $1.5 billion in One97 Communications &#8212; the owner of Paytm brand &#8212; in tranches in 2017. <\/p>\n<p>&#8220;Softbank has exited Paytm at a loss of 10-12 per cent. The total loss is around $150 million,&#8221; one of the sources said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japan&#8217;s Softbank investment arm Softbank Vision Fund exited from Paytm in the June quarter at a loss of around $150 million, sources aware of the development said. Softbank invested about $1.5 billion in One97 Communications &#8212; the owner of Paytm brand &#8212; in tranches in 2017. &#8220;Softbank has exited Paytm at a loss of 10-12 per cent. The total loss is around $150 million,&#8221; one of the sources said.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-832544","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/832544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=832544"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/832544\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=832544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=832544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=832544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}