Latest news with #PaytmCloudTechnologies
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Business Standard
3 days ago
- Business
- Business Standard
Paytm share price rises 2% after arm incorporates Singapore subsidiary
One 97 Communications, parent company of Paytm, gained 2.4 per cent in trade on Wednesday, June 4, 2025, logging a day's high at ₹950.75 per share on BSE. The stock was in demand after its subsidiary Paytm Cloud Technologies incorporated its wholly owned subsidiary in Singapore. In the past one year, Paytm shares have lost 3 per cent as compared to Sensex's rise of around 12 per cent. At 11:45 AM, Paytm share price was trading 1.56 per cent higher at ₹942.5 per share on the BSE. In comparison, the BSE Sensex was up 0.21 per cent at 80,907.36. The market capitalisation of the company stood at ₹60,122.88 crore. The 52-week high of the stock was at ₹1,063 per share and the 52-week low of the stock was at ₹338 per share. Why are Paytm shares buzzing in trade? On Tuesday, June 3, 2025, after market hours, the company announced that its arm Paytm Cloud Technologies has incorporated its subsidiary in Singapore. "This is in furtherance to our letter dated January 20, 2025, wherein we had informed that our wholly-owned subsidiary, Paytm Cloud Technologies Limited, ('PCTL') will incorporate its wholly owned subsidiary in Singapore We have now been informed by PCTL on June 03, 2025, that it has incorporated a wholly owned subsidiary named Paytm Singapore Pte. Ltd. ('Paytm Singapore') in Singapore on June 3, 2025," the filing read. Further, the Board of Directors of PCTL, in its meeting held approved a subscription amount of SGD 2,50,000 towards the acquisition of 25,000 equity shares of SGD 10 each at par in Paytm Singapore. About Paytm Paytm is a digital payments and financial services platform, offering a comprehensive suite of services to both consumers and businesses. It enables users to perform a variety of transactions, such as online and in-store payments, mobile recharges, utility bill payments, ticket bookings, and peer-to-peer money transfers. Through its integrated ecosystem, Paytm has become a one-stop solution for everyday financial needs, majorly contributing to the adoption of digital payments across the country. In addition to consumer services, Paytm supports businesses with digital payment solutions, helping merchants accept payments seamlessly through methods like QR codes, UPI, and card transactions.
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Business Standard
4 days ago
- Business
- Business Standard
Paytm Cloud incorporates Paytm Singapore as wholly-owned subsidiary
Paytm Cloud Technologies (PCTL), a wholly owned subsidiary of Paytm brand operator One97 Communications (OCL), incorporated Paytm Singapore on Tuesday. Earlier this year, PCTL acquired a 25 per cent stake in Brazil-based embedded finance firm Seven Technology for $1 million. The acquisition of this stake will enable the company to better understand the merchants' business landscape in the Brazilian market, Paytm said.
