SECTOR
One97 Communications gets nod to acquire Paytm Financial Services
Oct-15-2025

One97 Communications has secured board’s approval to acquire additional stake in Paytm Financial Services (PFSL) (an associate of the company) to make it a wholly owned subsidiary. The company will acquire around 51.22% equity shares of PFSL from Vijay Shekhar Sharma and VSS Investco (100% owned by Vijay Shekhar Sharma) for an aggregate amount of up to Rs 0.5 crore at fair value. Consequent to this acquisition, certain entities in which PFSL has made investments namely Admirable Software (Admirable), Mobiquest Mobile Technologies (Mobiquest), Urja Money (Urja) and Fincollect Services (Fincollect) will become wholly owned subsidiaries of the company (through direct and indirect shareholdings). 

Additionally, the board has approved the acquisition of remaining stake in three more entities from Vijay Shekhar Sharma and / or VSS Holdings (100% owned by Vijay Shekhar Sharma) for an aggregate consideration of up to Rs 3.52 crore at fair value (on the basis of NAV). The company will acquire 51% stake in Paytm Emerging Tech, 67.55% stake in Paytm Insuretech and 51% stake in Paytm Life Insurance. Post transaction, these companies will become wholly owned subsidiaries of the company. All transactions are expected to be completed by January 31, 2026.

One97 Communications is India's leading mobile payments and financial services distribution company. Pioneer of the mobile QR payments revolution in India, the company builds technologies that help small businesses with payments and commerce.

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