Softbank, the tech titan known for its sky-high bets, just took a massive $150 million dive off the Paytm rollercoaster. After pouring a whopping $1.5 billion into the Indian fintech darling in 2017, Softbank finally jumped ship, but not before losing a chunk of change. This isn’t just a stumble, it’s a full-on faceplant for the Japanese investor!.
Softbank’s grand Paytm adventure has turned into a financial fiasco. Despite claiming to stick to the script, the Japanese giant’s exit strategy has left it nursing a hefty $150 million wound. Paying a princely ₹800 per Paytm share was a costly blunder, especially considering the stock’s dismal performance since its IPO. To add insult to injury, the RBI slapped Paytm Payments Bank with a transaction ban, sending the share price into a nosedive, hitting a rock-bottom ₹310. The cherry on top? A whopping ₹550 crore loss in the last quarter. It’s safe to say Softbank’s Paytm dream has transformed into a nightmare.
