Berkshire Hathaway Inc. (NYSE:BRK.A) is in talks to invest about INR 20 - INR 25 billion in One97 Communications Limited, according to two people familiar with the development. A transaction could be clinched in the coming weeks valuing Paytm at over $10 billion. “Berkshire is in talks to pick up a 3-4% stake in the company and it is being done through a primary subscription of shares,” said one of those mentioned above.

"The transaction was discussed at the board meeting of Vijay Shekhar Sharma-promoted Paytm held a few weeks ago. But a deal, including the size of the investment, has not been finalised yet", said the second source. There was no response to queries emailed to Berkshire Hathaway, including Chief Financial Officer Marc Hamburg, and to Paytm.