Paytm Cloud to acquire 25% stake in Brazilian startup Seven Tech for $1 million

Paytm on Monday announced that its wholly owned subsidiary, Paytm Cloud Technologies Limited’s (PCTL) board has approved an investment of $1 million or Rs 8.7 crore to acquire a 25 per cent stake in Seven Technology LLC. In a regulatory filing, One 97 Communications Ltd, the parent company of Paytm, said, “We have been informed by Paytm Cloud Technologies Limited, our wholly-owned subsidiary (PCTL), that the Board of Directors of PCTL at its meeting held on February 03, 2025 and concluded at 08:15 a.m.