US conglomerate Berkshire Hathaway has acquired a stake in payment digital payments company, Paytm, the company confirmed to CNBC.

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"The investment was made" in One97 Communications — the parent company of Paytm, the company told CNBC, adding that owner Warren Buffett was not personally involved in the deal.

The Economic Times reported earlier Monday that Berkshire was in talks to invest between Rs 2,000-2,500 crore and pick up a 3-4 percent stake in One97 Communications.

A deal that size would value Paytm at over $10 billion, according to the daily.

One of Berkshire's key fund managers, Todd Combs, who is also seen as a potential chief investment officer at the company, is leading the transaction.

Berkshire's investment could be clinched in the coming weeks, valuing Paytm at over $10 billion, the paper said.

Japan's SoftBank and China's Alibaba Group are among the major backers of Paytm.

It's one of Buffett's first direct investment in India, the newspaper added.

First Published:Aug 27, 2018 9:19 PM IST