New Launch3 Jun 2025, 04:46 pm
Paytm Cloud Technologies Incorporates Wholly Owned Subsidiary 'Paytm Singapore' with Cash Consideration of SGD 2,50,000
AI Summary
One 97 Communications Ltd. announced that its wholly-owned subsidiary, Paytm Cloud Technologies Limited (PCTL), has incorporated a new wholly owned subsidiary named Paytm Singapore Pte. Ltd. in Singapore on June 03, 2025. The Board of Directors of PCTL has approved a subscription amount of SGD 2,50,000 towards the acquisition of 25,000 equity shares of SGD 10 each at par in Paytm Singapore. Paytm Singapore will focus on expanding and distributing Paytm's technology-led merchant payments and financial services stack in Singapore.
Key Highlights
- Paytm Cloud Technologies Limited (PCTL) incorporated a new wholly owned subsidiary, Paytm Singapore Pte. Ltd.
- The Board of Directors of PCTL approved a subscription amount of SGD 2,50,000 for the acquisition of 25,000 equity shares of SGD 10 each at par in Paytm Singapore.
- Paytm Singapore will work towards expansion and distribution of Paytm’s technology led merchant payments and financial services stack in Singapore.
- Paytm Singapore Pte. Ltd. is a wholly owned subsidiary of the listed entity, One 97 Communications Ltd.