Rajeev Misra, chief executive officer of SoftBank Investment Advisers, said that SoftBank Group Corp. could invest $5 billion to $10 billion in India next year if it finds valuations attractive.
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When we find the right companies, we could invest $5 billion to $10 billion in 2022, according to misra at the Bloomberg India Economic Forum. If we find the right opportunities at the right valuation, we find the right opportunities. The Japanese giant has a lot of gains in valuations because of its portfolio of startups in the country. SoftBank plans to raise the stakes in India, having invested $3 billion in 2021 - just as global firms are more wary of bets in China because of tighter regulations across a number of industries hurting deals there.
India has been a bright spot forSoftBank, whose Vision Fund reported a record loss of 82 5.1 billion yen for the quarter ended in September, because of the decline in value of public holdings such as the Korean e-commerce giant Coupang Inc. and the Chinese Ride-hailing giant Didi Global Inc. The Japanese company invested in the Indian market before it took a stake in Ola and e-commerce leader Flipkart before its acquisition by Walmart Inc.
The pioneer in digital payments pioneer Paytm is going to raise $2.5 billion in its initial public offering. In October, Oyo Hotels Homes, backed by SoftBank, filed initial documents for an 84.3 billion rupee $1.1 billion initial public offering.
Misra said that India s tech system is taking off and that softbank s patience will be rewarded. It is time for India. The auto industry of Lordstown is not going back. The world's poorest countries found a better way to do stimuli
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