SoftBank sees $ 544 million loss on Paytm exit

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MUMBAI: SoftBank’s Vision Fund 1 has recorded a gross loss of $544 million on its $1.6-billion investment in Paytm, the

Japanese

tech

investment giant

said on Wednesday.

SoftBank

, which held about 18% stake in

Paytm

at the time of its

IPO

, has exited the company.