Paytm To Raise INR 2,250 Cr Via Rights Issue To Boost PPSL

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SUMMARY

The investment will be used to strengthen PPSL’s net worth, pay for acquisition of its offline merchant payment business and fund working capital requirements

Paytm’s board also gave its nod to the appointment of AI startup SoftHub’s founder and CEO Manisha Raj as an independent director on the fintech’s board for a period of five years

On the financial front, Paytm’s PAT declined 98% YoY to INR 21 Cr, while operating revenue surged 24% YoY to INR 2,061 Cr in Q2…



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Paytm To Raise INR 2,250 Cr Via Rights Issue To Boost PPSL


SUMMARY

The investment will be used to strengthen PPSL’s net worth, pay for acquisition of its offline merchant payment business and fund working capital requirements

Paytm’s board also gave its nod to the appointment of AI startup SoftHub’s founder and CEO Manisha Raj as an independent director on the fintech’s board for a period of five years

On the financial front, Paytm’s PAT declined 98% YoY to INR 21 Cr, while operating revenue surged 24% YoY to INR 2,061 Cr in Q2…



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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