Paytm sells 7.2 per cent stake in PayPay, transaction stimated at Rs 2,000 crore

One97 Communications has sold its stake in Japan’s digital payments firm PayPay Corporation.

The Paytm parent confirmed the deal in a regulatory filing to the stock exchanges on Friday. Paytm holds a 7.2 per cent stake in PayPay Corporation

“We have been informed by One97 Communications Singapore Pvt Ltd, a wholly owned subsidiary of the company at 12.49 PM (IST), that its Board of Directors at its meeting held today i.e., December 6, 2024, approved sale of Stock Acquisition Rights (SARs) in PayPay Corporation, Japan,” Paytm said.