Warren Buffett's Berkshire Hathaway is in talks to invest about Rs 2,000-2,500 crore in Paytm parent One97 Communications, reported The Economic Times.

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A deal is likely possible in the coming weeks valuing Paytm at over $10 billion, the report said citing two people familiar with the development.

The transaction was discussed at the board meeting of Vijay Shekhar Sharma-promoted Paytm held a few weeks ago, according to the report.

The firm already counts China's Alibaba Group Holdings and Japan's Soft Bank as major backers.

Neither Berkshire Hathaway nor Paytm responded to the newspaper's request for a comment on the story.