One 97 Communications Invests ₹100 Cr in Paytm Money
One 97 Communications Ltd announced that its Board of Directors has approved an additional investment of up to ₹100 Crores in its wholly owned subsidiary, Paytm Money Limited (PML), through a Rights Issue. This investment aims to support PML's growth, technology upgrades, regulatory capital needs, and expansion of its investment and wealth management businesses. The Board also approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, appointed Mr. Amitabh Kumar Singhal as an Additional Director, and proposed a revision in the utilization of remaining IPO proceeds, extending the timeline to March 31, 2029. Amendments to the ESOP Scheme 2019 were also approved, subject to shareholder consent.
Key Highlights
- Company invests up to ₹100 Cr in subsidiary Paytm Money Limited.
- Investment to fund growth, technology, and regulatory capital.
- Board approved Q1 FY27 unaudited financial results.
- IPO proceeds utilization timeline extended to March 31, 2029.
- New Non-Executive Non-Independent Director appointed.
Price Impact
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