One 97 Communications Limited has informed the Exchange about update on incorporation of a wholly owned step down subsidiary in Indonesia.
PAYTM · price
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Paytm has set up a new wholly owned step-down subsidiary in Indonesia called PT PAYTM INDONESIA TEKNOLOGI, incorporated on April 10, 2026. The new entity was formed by Paytm Cloud Technologies Limited (PCTL), a wholly owned subsidiary of Paytm, together with Paytm Singapore Pte. Ltd. (another WOS under PCTL). The company subscribed to 15,00,000 equity shares at Indonesian Rupiah 10,000 each, totaling IDR 15 billion (approximately INR 8.15 crores). This is a follow-up to an earlier disclosure dated December 22, 2025, and marks Paytm's direct operational entry into the Indonesian market through a fully owned structure.
This is a small financial commitment (around INR 8.15 crores) but signals Paytm's strategic intent to expand its digital payments/fintech services into Southeast Asia. Shareholders may view this as a positive long-term growth signal, though near-term financial impact is negligible given the modest investment size.