One97 Communications plans ₹100 crore rights issue infusion into Paytm Money
Paytm parent One97 Communications will invest up to ₹100 crore in its wholly owned wealth-tech arm through a rights issue, supporting Paytm Money’s investment, stockbroking and mutual-fund distribution businesses. The transaction is expected to close by September 30.
One97 Communications plans to invest up to ₹100 crore in wholly owned wealth-tech subsidiary Paytm Money through a rights issue, funding its investment, stockbroking and mutual-fund distribution operations. The transaction is expected to close by September 30.
Why this matters
With no related recent Paytm Money signals listed, the planned infusion establishes a funding move supporting its investment, broking and mutual-fund distribution operations.
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