SoftBank's 20% stake buy in Paytm's parent firm gets CCI nod
The Competition Commission of India has approved Japanese major SoftBank Group's purchase of 20% stake in Paytm's parent company One97 Communications. In May, Softbank had invested $1.4 billion in digital payments startup Paytm, making it the largest funding round from a single investor in India. The investment valued Paytm at over $7 billion.