Paytm unit approves investment in European payments subsidiary
Key takeaways
- Paytm unit approves investment in European payments subsidiary Paytm Europe Payments is a step-down wholly owned subsidiary of One 97 Communications. · Electronic Payments · Piotr Swat / Shutterstock.com.
- In a stock exchange filing, One 97 Communications said PCTL approved the subscription of 9 million equity shares in Paytm Europe Payments.
- The company said the investment will be made in cash in exchange for the issuance of equity shares to PCTL.
Paytm unit approves investment in European payments subsidiary Paytm Europe Payments is a step-down wholly owned subsidiary of One 97 Communications. · Electronic Payments · Piotr Swat / Shutterstock.com. Aninda Chakraborty Tue, May 26, 2026 at 6:23 PM GMT+7 1 min read PAYTM.BO Paytm Cloud Technologies Limited (PCTL), a wholly owned subsidiary of One 97 Communications, has approved an additional investment in its European subsidiary.
In a stock exchange filing, One 97 Communications said PCTL approved the subscription of 9 million equity shares in Paytm Europe Payments. The shares have a face value of €1 each, taking the total investment to €9m.
The company said the investment will be made in cash in exchange for the issuance of equity shares to PCTL. The transaction is expected to be completed on or before 30 June 2026.