Paytm to offload stake in Japan's PayPay

Paytm sells PayPay stake to SoftBank for $279.2 million
Paytm has agreed to sell its stake in Japanese payments firm PayPay to SoftBank for $279.2 million, as the Indian firm sheds non-core assets following a Paytm's deal with SoftBank for PayPay follows the firm selling entertainment ticketing business to Zomato.
Paytm to offload stake in Japan’s PayPay to SoftBank
Net proceeds from the sale will strengthen One97 Communications consolidated cash reserves to drive future business initiatives.
Paytm Singapore Offloads Japan's PayPay Stake to SoftBank Vision Fund 2 for USD 279.2 Mn
The sale proceeds will bolster the cash reserves of Paytm's parent company, One97 Communications, enhancing its ability to pursue future business initiatives focused on creating shareholder value.
Paytm hits 52-week high after Singapore arm to sell stake in Japan's PayPay
Paytm currently has a cash balance of over Rs 10,000 crore. The Rs 2,364 crore sale would expand it by over 20 per cent
Paytm shares up 3% to fresh 52-week high on nod to sale of PayPay stake for Rs 2,364 crore
Paytm shares hit a 52-week high after its Singapore unit agreed to sell its stake in PayPay for ₹2,364 crore. The deal, expected to close by December 2024, will strengthen Paytm's financial position.
Paytm share price jumps 3%, hits 52-week high on stake sale in PayPay Corp to SoftBank
Shares of One 97 Communications, the parent company of Paytm, rose over 3% to a 52-week high of ₹1,007 after announcing plans to sell its stake in PayPay Corporation to SoftBank.
Paytm shares rise over 3%; Singapore arm set to sell stake in PayPay to Softbank Vision Fund 2 for Rs 2,364 crore
Paytm shares rose 3.1% to hit a fresh 52-week high of Rs 1,007 on December 09 after the company’s Singapore entity approved the sale of Stock Acquisition Rights in Japan’s Paypay to Softbank-based Vision Fund 2.
Paytm Shares Gain 3% To Hit 52-Week High On Stake Sale To SoftBank; Key Points
Shares of One 97 Communications, the parent company of fintech firm Paytm, surged over 3% to a new 52-week high of Rs 1,007 on Monday, December 9. The rise followed the announcement that the company would sell its stake in PayPay Corporation to SoftBank.
Paytm shares hit fresh 52-week high on board's nod to sell stake in Japan's PayPay for Rs 2,364 cr
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