Paytm scraps bonus issue, earmarks up to ₹100 crore for Paytm Money
One97 Communications will invest up to ₹100 crore in wholly owned Paytm Money through a rights issue, funding technology, regulatory capital and wealth-management expansion. The move follows Paytm’s Q1 FY27 profit of ₹220 crore and 28% year-on-year revenue growth.
Paytm parent One97 Communications cancelled its bonus-share plan and approved up to Rs 100 crore for Paytm Money through a rights issue, funding technology, regulatory capital and wealth-management expansion. Paytm reported Q1 FY27 profit of Rs 220 crore and revenue growth of 28%.
Why this matters
The investment follows Paytm’s Q1 FY27 profit growth driven by payments, Soundbox and lending, and extends its earlier move to redirect ₹1,686 crore of IPO proceeds toward growth after dropping bonus shares.
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