Warren Buffett could buy a small stake in Berkshire Hathaway Pett's parent firm One -97 Communication Limited. This will be Warren Buffett's first investment in India. This investment will help Patti to further strengthen market participation. According to the reports, Pettyam is in talks with Berkshire Hathaway since February this year to raise around Rs 2,200-2,500 crore. It is believed that the deal will be announced within the next two weeks.
Berkshire Hathaway has invested in some publicly listed companies earlier in the past. He has an investment in International Business Machine (IBM) and Apple, but this will be the first time he will invest in a private technology company altogether. However, Berkshire recently came in B M. Has dropped out but he still has Apple shares. Petit is already invested by the world's leading investor, SoftBank Group of Japan, Alibaba Group of China and Ent Financiale. It is worth mentioning that betting in India's mobile payments and recharge market is particularly dominant. The company is also offering services through the PetiM Payment Bank. Apart from this, Petim is also the e-commerce market in which he is selling Consumer Goods, clothes, smart phones, bus tickets and film tickets.
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