Paytm Cloud To Pick Up 25% Stake In Seven Technology

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SUMMARY

Paytm’s subsidiary Paytm Cloud Technologies received board’s approval to acquire 25% stake in Seven Technology

The transaction is valued at $1Mn (around INR 8.7 Cr) via a cash deal

Shares of One97 Communications was up about 1% at INR 750.75 apiece in the intraday morning trade on the BSE today

Paytm’s arm Paytm Cloud Technologies Limited (PCTL) is set to acquire a 25% stake in Delaware-based fintech startup Seven Technology LLC for $1 Mn (around INR 8.7 Cr).

In a regulatory filing, One97 Communications said…



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Paytm Cloud To Pick Up 25% Stake In Seven Technology


SUMMARY

Paytm’s subsidiary Paytm Cloud Technologies received board’s approval to acquire 25% stake in Seven Technology

The transaction is valued at $1Mn (around INR 8.7 Cr) via a cash deal

Shares of One97 Communications was up about 1% at INR 750.75 apiece in the intraday morning trade on the BSE today

Paytm’s arm Paytm Cloud Technologies Limited (PCTL) is set to acquire a 25% stake in Delaware-based fintech startup Seven Technology LLC for $1 Mn (around INR 8.7 Cr).

In a regulatory filing, One97 Communications said…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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