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Paytm sells ₹2,364 crore stake in Japan's PayPay to SoftBank
short by Mansi Agarwal / on Friday, 13 December, 2024
Paytm's subsidiary One97 Communications Singapore Pvt Ltd has completed the sale of a 5.4% stake in Japan's digital payment company PayPay. The Paytm unit sold the stake to SoftBank Vision Fund 2 for ₹2,364 crore. The sale is part of Paytm's efforts to offload non-core assets and focus on the core payments solutions business.
read more at NDTV Profit