Paytm Cloud Technologies Limited (PCTL), a wholly owned subsidiary of One 97 Communications Limited, has announced an additional investment in its subsidiary, Paytm Europe Payments S.A. The Board of Directors of PCTL approved the subscription to 9 million equity shares of Paytm Europe, each valued at EUR 1, amounting to a total investment of EUR 9 million.
Paytm Europe, a wholly owned subsidiary of PCTL, was incorporated on January 12, 2026, in Luxembourg and is yet to commence its business operations. The investment aims to increase the paid-up capital of Paytm Europe to support its future business requirements in the payment services industry.
The transaction is classified as a related party transaction, with Paytm Europe being a related party of One 97 Communications Limited. The investment is conducted at arm’s length, ensuring fair valuation and compliance with regulatory requirements.
The acquisition process is expected to be completed on or before June 30, 2026. The investment is made through cash consideration, with no change in the shareholding structure of Paytm Europe. PCTL will continue to hold 100% of the paid-up share capital of Paytm Europe, maintaining its status as a step-down wholly owned subsidiary of One 97 Communications Limited.
This strategic move is aimed at bolstering Paytm Europe’s capital base to facilitate its entry into the European payment services market.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).