Investment25 May 2026, 05:13 pm
Paytm Invests EUR 9 Million in Paytm Europe Payments S.A.
AI Summary
One 97 Communications Ltd's wholly-owned subsidiary, Paytm Cloud Technologies Limited (PCTL), is investing an additional EUR 9 million in its wholly-owned subsidiary, Paytm Europe Payments S.A. The investment involves subscribing to 9 million equity shares of EUR 1 each. This transaction is at arm's length and aims to increase the paid-up capital of Paytm Europe to support its business requirements. Post-investment, Paytm Europe will remain a step-down wholly-owned subsidiary of One 97 Communications.
Key Highlights
- Paytm Cloud Technologies Limited invests EUR 9 million in Paytm Europe Payments S.A.
- The investment is through subscription to 9 million equity shares at EUR 1 each.
- The aim is to increase the paid-up capital of Paytm Europe.
- Paytm Europe will remain a step-down wholly-owned subsidiary of One 97 Communications.
- The acquisition is expected to be completed on or before June 30, 2026.
Price Impact
More from PAYTM*