Business Standard

Buffett's Berkshire trims stake in China's BYD, a holding since 2008

Buffett's company had acquired 225 million BYD shares in 2008, giving it a 7.73% stake, equal to the 20.49% stake in H shares, according to BYD's annual report

EV manufacturer BYD to drive in maiden e-SUV in India by end of year

Warren Buffett's Berkshire Hathaway Inc has trimmed its stake in BYD Co , seven weeks after prompting speculation it might sell its entire multi-billion dollar stake in the largest Chinese electric car company.
In a Hong Kong Stock Exchange filing, Berkshire said it sold 1.33 million Hong Kong-listed shares of BYD for about HK$370 million (US$47 million), reducing its stake in BYD's total issued H shares to 19.92% from 20.49%.
Tuesday's filing is the first confirmation that Berkshire has reduced its BYD investment since the 20.49% stake entered Hong Kong's Central Clearing and Settlement System on July 11, with Citigroup

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 30 2022 | 8:15 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to