One 97 Communications Increases Stake in LIPL to 77.42%

One 97 Communications Limited (the Company) has announced the completion of the conversion of outstanding Optionally Convertible Debentures and Convertible Inter Corporate Deposit in its subsidiary, Little Internet Private Limited (LIPL). This conversion has increased the Company's shareholding in LIPL from 62.53% to 77.42%. Additionally, the Company has completed an additional investment of INR 100 crore in its wholly-owned subsidiary, Paytm Money Limited (PML), through a Rights Issue subscription. These actions reflect a strategic strengthening of the Company's holdings in its key subsidiaries.