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MUMBAI: Elevation Capital, an early backer of One97 Communications which owns fintech Paytm is selling about 1.3% stake in the company worth Rs 964 crore through block deals on Friday, the term sheet of the deal showed.The floor price of the offer, set at Rs 1,121 per share, is at a 3% discount to Paytm’s…
Bengaluru: Paytm parent One97 Communications reported its first full year of profitability since listing, even as the fintech company continued to deal with the fallout of regulatory action on Paytm Payments Bank and pivoted further towards merchant payments, lending distribution and artificial intelligence-led automation.The company reported total income of Rs 9,291 crore for FY26, up…
Paytm said the RBI had effectively withdrawn Paytm Payments Bank’s licence. Paytm share price today: Shares of One 97 Communications, the parent of fintech platform Paytm, dropped as much as 8 per cent on Monday, falling to an intraday low of Rs 1,057 on the National Stock Exchange. The sharp decline came after the Reserve…
RBI cancels Paytm Payments Bank licence; to approach High Court MUMBAI: RBI on Friday cancelled the banking licence of Paytm Payments Bank with immediate effect, prohibiting it from carrying out any banking business and setting in motion the process for winding up, even as the entity had already been reduced to a runoff institution after…
The Reserve Bank of India cancelled the banking licence of Paytm Payments Bank Limited, on Friday, ceasing its operations as a bank, effective from April 24. “The Reserve Bank of India (RBI) has cancelled the banking licence issued to Paytm Payments Bank Limited under Section 22(4) of the Banking Regulation Act, 1949 (‘BR Act’) effective…
One 97 Communications Ltd, which operates the Paytm brand, has become a majority Indian-owned and controlled company after domestic investors raised their stake to 50.3% as of March-end 2026, PTI reported.The shift marks a structural change in ownership for the fintech firm, with domestic shareholding rising steadily in recent quarters, reflecting growing investor confidence.Domestic institutional…
Paytm brand owner One 97 Communications reported its second consecutive quarterly profit, posting a Rs 211 crore profit after tax (PAT) in the September 2025 quarter, alongside a 24% year-on-year revenue rise to Rs 2,061 crore, PTI reported.The company said growth was led by its payments and financial services businesses, reflecting continued improvement in operating…
