Paytm’s Singapore arm approves stake sale in Japan’s PayPay | Stock Market News

Paytm’s parent company, One97 Communications, on Friday, December 6 approved the sale of its stake in Japan’s digital payments firm PayPay Corporation. One97 Communications Singapore, a wholly-owned subsidiary of Paytm’s Singapore arm, ‘Paytm Singapore’, approved the sale of its stake to the Japanese digital payments company.

“We wish to clarify that we have been informed by One97 Communications Singapore Private Limited, a wholly-owned subsidiary of the company (‘Paytm Singapore’) that its Board of Directors at its meeting held today i.e., December 6, 2024, approved the sale of Stock Acquisition Rights (SARs) in PayPay Corporation, Japan,” Paytm said in a regulatory filing to the stock exchanges.