Paytm’s parent company One97 Communications on Friday, December 6, approved the sale of its stake in Japanese digital payments company PayPay Corporation. One97 Communications Singapore, a wholly owned subsidiary of Paytm’s Singapore arm, ‘Paytm Singapore’, has approved the sale of its stake to the Japanese digital payments company.
“We would like to clarify that we have been informed by One97 Communications Singapore Private Limited, a wholly owned subsidiary of the Company (‘Paytm Singapore’) that the Board of Directors at today’s meeting i.e. on December 6, 2024 will be considering the sale of Stock Acquisition Rights (SARs) in PayPay Corporation, Japan,” Paytm said in a regulatory filing to the stock exchanges.
