One97 Communications

News and Trends

Ant Group Sells Additional 4% Stake in Paytm for INR 2,103 Cr, Trims Holding to 5.85%

Over the past decade, Alibaba and Ant Financial have injected a total of USD 851 million into Paytm, underlining their long‐term interest in India's fast‐growing digital‐payments market.

News and Trends

Vijay Shekhar Sharma Voluntarily Surrenders INR 1,800 Cr Worth ESOPs

The expenses related to ESOPs are non-cash and accounted for based on their notional value, as per prevailing accounting standards.

News and Trends

Paytm Singapore Offloads Japan's PayPay Stake to SoftBank Vision Fund 2 for USD 279.2 Mn

The sale proceeds will bolster the cash reserves of Paytm's parent company, One97 Communications, enhancing its ability to pursue future business initiatives focused on creating shareholder value.

Finance

Paytm Q1 Results: Fintech Giant's Net Loss Narrows to INR 358 Cr, Revenue Jumps 39%

With loans disbursed through the platform totaling INR 14,845 crore in the first quarter, up 167% year-over-year, Paytm's lending business continued to expand.