August 27, 2018 / 3:14 PM / in 2 months

Berkshire Hathaway confirms investment in India's Paytm

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.

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

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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