One 97 Communications Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
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Paytm has completed the allotment of 76,862 equity shares (face value AED 100 each) to Abbar Global Opportunities Holdings Limited, an Abu Dhabi-based company, in its step-down subsidiary Paytm Arab Payments L.L.C. (PAPL). This gives Abbar a 49% stake in PAPL, making it a 51% subsidiary of Paytm's wholly-owned subsidiary PCTL (down from 100% earlier). PAPL will continue as a step-down subsidiary of One 97 Communications. This is the formal completion of the UAE partnership that was first announced on December 22, 2025, with all required approvals now received.
The completion cements Paytm's strategic entry into the UAE payments market through a local partnership, sharing operational and regulatory risk with Abbar. While Paytm has diluted its ownership in PAPL, the company retains majority control and gains a strong regional partner for expansion.