Paytm Sells 12.75% Stake In Jugnoo For INR 3 Cr

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SUMMARY

Jugnoo said that it repurchased Paytm’s 12.75% stake for INR 23.52 Cr to consolidate ownership and enhance operational control

Jugnoo also plans to undertake an INR 10 Cr rights issue to expand operations and enhance technological capabilities in mobility and logistics

Founded in 2014, Jugnoo offers ride-hailing services, B2B logistics and hyperlocal food and grocery delivery offerings

Listed fintech major Paytm has sold its entire 12.75% stake in mobility aggregator Jugnoo’s parent Socomo Technologies for INR 3…



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Paytm Sells 12.75% Stake In Jugnoo For INR 3 Cr


SUMMARY

Jugnoo said that it repurchased Paytm’s 12.75% stake for INR 23.52 Cr to consolidate ownership and enhance operational control

Jugnoo also plans to undertake an INR 10 Cr rights issue to expand operations and enhance technological capabilities in mobility and logistics

Founded in 2014, Jugnoo offers ride-hailing services, B2B logistics and hyperlocal food and grocery delivery offerings

Listed fintech major Paytm has sold its entire 12.75% stake in mobility aggregator Jugnoo’s parent Socomo Technologies for INR 3…



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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