August 27, 2018 / 3:14 PM / 4 months ago

Berkshire Hathaway confirms investment in India's Paytm

FILE PHOTO: An advertisement of Paytm, a digital wallet company, is pictured at a road side stall in Kolkata, India, January 25, 2017. REUTERS/Rupak De Chowdhuri/File photo

NEW YORK (Reuters) - Berkshire Hathaway Inc made an investment in India’s One97 Communications Ltd, the parent of digital payments firm Paytm, a spokeswoman said on Monday.

Billionaire Warren Buffett, who runs the conglomerate, was not involved in the transaction, according to the emailed statement from Buffett’s assistant, Debbie Bosanek.

Reporting by Trevor Hunnicutt; editing by Jonathan Oatis

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