SoftBank takes $600M paper loss on India listings as Swiggy, Ola Electric slide
SoftBank booked a $600 million mark-to-market loss on its India-listed portfolio in the March quarter, dragged by share price declines in Swiggy and Ola Electric. Vision Fund still posted overall gains from other holdings, but the hit underscores public-market pressure on recent India IPO bets.
SoftBank booked a $600 million paper loss on its India-listed portfolio in the March quarter, driven by share price declines in Swiggy and Ola Electric, even as Vision Fund posted overall gains from other holdings.