One97 Communications Limited completed the acquisition of 51.22% stake in Paytm Financial Services Limited from Vijay Shekhar Sharma and VSS Investco Private Limited.
One97 Communications Limited (NSEI:PAYTM) agreed to acquire remaining 51.22% stake in Paytm Financial Services Limited from Vijay Shekhar Sharma and VSS Investco Private Limited for INR 5 million on October 15, 2025. A cash consideration of INR 5 million will be paid by One97 Communications Limited. As part of consideration, INR 5 million is paid towards common equity of Paytm Financial Services Limited. Upon completion, One97 Communications Limited will own 100% stake in Paytm Financial Services Limited. For the period ending March 31, 2025, Paytm Financial Services Limited reported total revenue of INR 5.1 million. The expected completion of the transaction is on or before January 31, 2026.
One97 Communications Limited (NSEI:PAYTM) completed the acquisition of 51.22% stake in Paytm Financial Services Limited from Vijay Shekhar Sharma and VSS Investco Private Limited on November 28, 2025.
One 97 Communications Limited, which owns the brand Paytm, is an India-based company. It is engaged in the business of providing payment and financial services, which includes payment facilitator services, facilitation of consumer and merchant loan distribution to consumers and merchants, wealth management, and others. Its services include digital recharge, bill payments, such as utility bills, education and money transfers on the app, online payment gateways as well as offline payment modes to merchants either through QR codes, Soundbox or Card Machines. It also offers digital distribution of credit, insurance, mutual funds distribution and equity broking. Its other services include deals and gift vouchers, advertising services and loyalty programs for merchants as well as distribution of credit cards. Its offerings cater to a range of customer requirements, facilitating money transfers, merchant payments, bill payments, e-commerce transactions and access to other financial services.
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One97 Communications Limited completed the acquisition of 51.22% stake in Paytm Financial Services Limited from Vijay Shekhar Sharma and VSS Investco Private Limited.