One 97 Communications Limited has announced an acquisition of additional shares in its wholly owned subsidiary Paytm Europe Payments S.A. The transaction involves Paytm Cloud Technologies Limited (PCTL), another wholly owned subsidiary, subscribing to 9 million equity shares of EUR 1 each in Paytm Europe. This investment totals EUR 9 million and is structured as a cash consideration.
Paytm Europe, incorporated in Luxembourg on January 12, 2026, is a step-down wholly owned subsidiary of PCTL. The company has not yet commenced operations and is focused on payment services in Europe. The acquisition does not alter PCTL’s 100% ownership of Paytm Europe, maintaining its existing shareholding structure.
The investment aims to increase Paytm Europe’s paid-up capital to support its business requirements. No regulatory approvals are required for this transaction, and it is completed at an arm’s length price. The subscription is finalized at EUR 1 per share, reflecting the company’s strategic focus on expanding its European footprint.
The transaction is scheduled to be finalized by June 30, 2026. Paytm Europe’s business model centers on payment services, aligning with the broader objectives of One 97 Communications Limited in diversifying its operational presence. The company has not disclosed specific products or revenue details for Paytm Europe at this stage.
This acquisition is part of the Group’s ongoing efforts to strengthen its subsidiary network. The funds raised will be utilized to meet operational needs of Paytm Europe, though specific allocation details remain undisclosed. The move the Group’s commitment to scaling its international operations through controlled investments.
The disclosure is filed under SEBI Listing Regulations and will be available on the Company’s investor relations portal. No material risks or uncertainties are associated with this transaction. The Group has not provided further commentary on market implications or investor expectations related to this acquisition.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.