The market capitalisation of One97 Communications, the parent company of Noida-headquartered mobile wallet firm Paytm, has breached Rs 1 lakh crore following the $300 million investment made by Warren Buffett-led Berkshire Hathaway. The value of Vijay Shekhar Sharma-founded One97 Communications has crossed Rs 1 lakh crore in the unofficial market, ET reported citing unidentified brokers dealing with the unlisted shares. According to the report, the unlisted shares of One97 Communications have surged about 60 per cent in the period of last six months. “Shares of One97 Communications have jumped from Rs 11,000 to Rs 18,000 in just six months after Warren Buffett’s firm invested,” ET reported citing Sambhav Aggarwal, Director of New Delhi-based firm ARMS Securities dealing in unlisted shares. “The share price of Paytm’s parent company jumped only after Berkshire Hathaway bought stake in the company,” Narottam Dharawat, a Mumbai-based stock market broker who deals in unlisted shares, wa...
Pre IPO | Private Equity | Unlisted Shares