Subsidiary10 April 2026 at 05:41 pm
Paytm incorporates Indonesia subsidiary with ₹8.15 Cr investment
AI Summary
One 97 Communications Ltd (Paytm) has announced the incorporation of a new wholly owned step-down subsidiary, PT PAYTM INDONESIA TEKNOLOGI, in Indonesia on April 10, 2026. This new entity was formed by Paytm Cloud Technologies Limited, a wholly owned subsidiary of Paytm, and Paytm Singapore Pte. Ltd., a wholly owned subsidiary of PCTL. The companies subscribed to 15,00,000 equity shares of Indonesian Rupiah 10,000 each, amounting to an aggregate subscription of Indonesian Rupiah 15 billion, which is equivalent to approximately ₹8.15 Crores. This strategic move establishes Paytm Indonesia as a wholly owned step-down subsidiary, expanding Paytm's international operational footprint.
Key Highlights
- Paytm incorporated a wholly owned step-down subsidiary in Indonesia.
- The new entity, PT PAYTM INDONESIA TEKNOLOGI, was formed on April 10, 2026.
- Investment totaled IDR 15 billion, approximately ₹8.15 Crores.
- This expands Paytm's international operational footprint.