Paytm's Strategic Move: Major Investment in Payment Services Subsidiary

Paytm's Strategic Move: Major Investment in Payment Services Subsidiary

Paytm's Strategic Move: Major Investment in Payment Services Subsidiary In a strategic financial maneuver, One97 Communications, the parent company of Paytm, announced a significant capital infusion of Rs 2,250 crore into its wholly-owned subsidiary, Paytm Payments Services Limited.This investment, completed through a rights issue, comes on the heels of the Reserve Bank of India granting the subsidiary permission to function as a payment aggrega…