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Articles for One97 Communications

Paytm’s Singapore arm approves stake sale in Japan’s PayPay
1 month ago

Paytm’s Singapore arm approves stake sale in Japan’s PayPay

Live Mint  

Paytm's parent company, One97 Communications, on Friday, December 6, 2024, approved the sale of its stake in Japan’s credit card company PayPay Corporation. One97 Communications Singapore, a wholly-owned subsidiary of Paytm's Singapore arm, ‘Paytm Singapore’, approved the sale of its stake to the Japanese digital payments company. "We wish to clarify that we have been informed by One97 Communications Singapore …

Japan Sale Company Cent Qoq Its Stake One97 Communications
Is Paytm in talks with Adani Group to sell stake? Company issues clarification
7 months, 1 week ago

Is Paytm in talks with Adani Group to sell stake? Company issues clarification

India TV News  

New Delhi: One97 Communications Limited, the parent company of Paytm, has denied being in discussions with the Adani Group about a potential stake sale, terming the report "speculative". This clarification comes in response to a report suggesting that billionaire Gautam Adani was in talks with Paytm founder Vijay Shankar Sharma to buy a stake in the digital payments company. News …

Bank Report Sharma Gautam Adani Adani Stake Paytm
Paytm layoffs: Company may cut jobs of 5,000-6,300 employees amid crisis
7 months, 2 weeks ago

Paytm layoffs: Company may cut jobs of 5,000-6,300 employees amid crisis

Hindustan Times  

Paytm layoffs: Paytm parent company One97 Communications may cut jobs to reduce its employee costs this fiscal year, it was reported. The company may cut around 15-20 per cent of its workforce, Financial Express reported. Paytm layoffs: Paytm founder and CEO Vijay Shekhar Sharma during an event in Mumbai, How many employees does One97 Communications have? The company's revenue from …

Paytm Vijay Shekhar Sharma One97 Communications Paytm Layoffs
Paytm’s Downfall: Once valued at over Rs 18,300 cr, stock sees another 20% dip, now at Rs 487
11 months, 1 week ago

Paytm’s Downfall: Once valued at over Rs 18,300 cr, stock sees another 20% dip, now at Rs 487

Firstpost  

After seeing its shares fall by 20 per cent on Thursday, the day, after the Reserve Bank of India took decisive action against Paytm Payments Bank and prohibited them from offering its core services, including accounts and wallets, effective from March, shares of the troubled fintech company, dropped by another 20 per cent. Additionally, the central bank instructed the termination …

India Payments Bank Company Rbi 20 Per Cent Paytm
Alibaba sells nearly half of its direct stake in Paytm at Rs 535.9 per share
1 year, 11 months ago

Alibaba sells nearly half of its direct stake in Paytm at Rs 535.9 per share

India TV News  

Chinese conglomerate Alibaba sold a 3.1 per cent stake - nearly half of its direct shareholding - in digital financial services firm One97 Communications in an indication of exiting the Indian market, sources said on Wednesday. According to a regulatory filing, One97 Communications Ltd, which operates Paytm, disbursed 3.7 million loans worth Rs 3,665 crore in December, up 330 per …

India Share Million Pti Cent Paytm Alibaba
PayTm Re-Appoints Founder Vijay Shekhar Sharma as MD and CEO; Details Here
2 years, 7 months ago

PayTm Re-Appoints Founder Vijay Shekhar Sharma as MD and CEO; Details Here

News 18  

Digital payment company Paytm on Saturday announced that the firm had re appointed its founder Vijay Shekhar Sharma as managing director and chief executive officer till May 2027, thereby extending this tenure by five years. “We wish to inform you that based on the recommendations of the Nomination and Remuneration Committee and subject to the approval of Shareholders, the Board …

Board Company Crore Sharma Vijay Managing Director Paytm
Paytm shares make weak debut; tumble over 27% during day trade
3 years, 1 month ago

Paytm shares make weak debut; tumble over 27% during day trade

The Hindu  

Shares of One97 Communications Ltd, Paytm’s parent company, on November 18 made a weak market debut and tumbled over 27% during the day from the issue price of ₹2,150. Ant Group-backed Paytm’s ₹18,300 crore IPO was oversubscribed 1.89 times on the last day of India’s biggest share sale last week. “Paytm, formally called One97 Communications debuts today at exchanges which …

India Ipo Paytm One97 Communications
Paytm raises $1 bn from Japan’s SoftBank, China’s Ant Financial; plans to invest Rs 10,000 cr for expansion
5 years, 1 month ago

Paytm raises $1 bn from Japan’s SoftBank, China’s Ant Financial; plans to invest Rs 10,000 cr for expansion

Firstpost  

When its rivals like Google Pay and PhonePe are spending massively on cashbacks, Paytm said it would use Rs 10,000 crore to add as many small merchants and businesses as possible into its fold. In a fresh round of funding, One97 Communications-led Paytm reportedly raised $1 billion at a valuation of $16 billion from new and existing investors, including Japan’s …

Japan Company Report Billion Invest Google Pay Paytm
Paytm Money gets Rs 40 cr from One97 Communications
5 years, 3 months ago

Paytm Money gets Rs 40 cr from One97 Communications

India TV News  

Paytm Money has raised Rs 40 crore funding from One97 Communications, according to regulatory documents. ".pursuant to the rights offer made by the company.the Board hereby approves the allotment of four crore equity shares of the company of face value Rs 10 each at a par value to the existing shareholders.for an aggregate consideration of Rs 40 crore," a regulatory …

Paytm One97 Communications Paytm Money Rs 40 Cr Money Gets