Paytm gives approval for stake sale in PayPay

PTI

New Delhi, Updated At : 09:25 AM Dec 07, 2024 IST

Photo for representational purpose only. File photo

Unlock Exclusive Insights with The Tribune Premium

Take your experience further with Premium access. Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits

Yearly Premium ₹999 ₹349/Year

Yearly Premium $49 $24.99/Year

Fintech firm One97 Communications, which owns Paytm, has approved the sale of stake in Softbank group’s fintech firm PayPay Corporation, the company said in a regulatory filing on Friday. Paytm holds 7.2 per cent stake in PayPay Corporation.

“We have been informed by One97 Communications Singapore Pvt Ltd that its Board of Directors at its meeting held today approved sale of Stock Acquisition Rights (SARs) in PayPay Corporation, Japan,” Paytm said in the filing.

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Unlock Exclusive Insights with The Tribune Premium

Suggested Articles