SoftBank Sells Majority Stake in Paytm Amid Regulatory Uncertainty
Tokyo, Japan: SoftBank Group Corp., the Tokyo-based tech investor, has divested a majority of its stake in Paytm Payments Bank Ltd. amidst growing uncertainty in India’s regulatory landscape. Navneet Govil, Executive Managing Partner of the Vision Fund, disclosed the move to Bloomberg News on Thursday, citing concerns over regulatory scrutiny and the status of Paytm’s…