One 97 Communications Limited has informed the Exchange about Incorporation of Paytm Singapore Pte. Ltd., a Wholly Owned Step down Subsidiary through Paytm Cloud Technologies Limited
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Paytm (One 97 Communications) has incorporated a new wholly owned step-down subsidiary, Paytm Singapore Pte. Ltd., in Singapore on June 03, 2025, through its existing wholly owned subsidiary Paytm Cloud Technologies Limited (PCTL). The company will subscribe SGD 250,000 for 25,000 equity shares of SGD 10 each at par, giving it indirect 100% ownership of the new entity. Paytm Singapore will focus on expanding and distributing Paytm's technology-led merchant payments and financial services stack in the Singapore market. No governmental or regulatory approvals were required for the incorporation, and the move is part of the company's international growth strategy.
This is a relatively small greenfield investment (roughly INR 1.5-2 crore) and is unlikely to materially affect the stock price in the short term. However, it signals Paytm's intent to take its merchant payments and fintech technology platform to Southeast Asian markets, which could be a positive long-term growth lever if Singapore operations scale successfully.