Paytm unit approves investment in European payments subsidiary

Paytm Cloud Technologies Limited (PCTL), a wholly owned subsidiary of One 97 Communications, has approved an further concern successful its European subsidiary.

In a banal speech filing, One 97 Communications said PCTL approved the subscription of 9 cardinal equity shares successful Paytm Europe Payments. The shares person a look worth of €1 each, taking the full concern to €9m.

The institution said the concern volition beryllium made successful currency successful speech for the issuance of equity shares to PCTL. The transaction is expected to beryllium completed connected oregon earlier 30 June 2026.

Paytm Europe Payments, a step-down wholly owned subsidiary of One 97 Communications, was incorporated connected 12 January 2026 successful Luxembourg.

According to the speech filing, the entity operates successful the outgo services manufacture and related activities, and “is yet to commence its business.”

PCTL presently holds 100% of the €1m paid-up stock superior of Paytm Europe. The nonsubjective of the caller backing is an “increase successful paid up superior of Paytm Europe to enactment the requirements of funds for its business.”

The filing added that determination volition beryllium nary alteration successful shareholding pursuing the further investment.

Meanwhile, One 97 Communications has received concern from Goldman Sachs, Societe Generale, and Citigroup Global Markets.

The firms person collectively acquired a 1.34% involvement successful the Paytm genitor from SAIF Partners and Elevation Capital for Rs9.63bn ($100.5m) done unfastened marketplace transactions, Business Standard reported.

Recently, Paytm launched Paytm Pocket Money, aimed astatine enabling teenagers without slope accounts to marque real-time payments for mundane spends.

"Paytm portion approves concern successful European payments subsidiary" was primitively created and published by Electronic Payments International, a GlobalData owned brand.

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