One 97 Communications Invests ₹500 Cr in Subsidiary

One 97 Communications Limited announced that its Board of Directors has approved an additional investment of up to INR 500 Crores (Indian Rupees Five Hundred Crores only) in its wholly owned subsidiary, Paytm Cloud Technologies Limited (PCTL), over the next twelve months. PCTL, in turn, has approved an investment of up to INR 500 Crores in its wholly owned subsidiary, Paytm Singapore Pte. Ltd. These funds are intended to support the working capital, investments, and business expansion of PCTL and Paytm Singapore. The company also provided an update on the National Payments Corporation of India (NPCI) circular regarding Merchant Discount Rate (MDR), expecting an indicative uplift of approximately 2.5 basis points in overall Payments Processing Margin (PPM). Additionally, the Board approved Default Loss Guarantee (DLG) on loans disbursed by lending partners. The company also announced the appointment of key managerial personnel for determining materiality of events and disclosures.