Firm gains â¹6,400 crore as billionaire Buffett invests in it
Lender and store credit card issuer Synchrony Financial saw its market capitalisation jump by $1 billion (over â¹6,400 crore) on Tuesday after billionaire Warren Buffett's Berkshire Hathaway revealed a new over 2% stake in it. Shares of Synchrony, which have lost about 15% in seven months, soared 4% on Tuesday. This gave Synchrony a market capitalisation of about $25.4 billion.