Paytm to Raise INR 2,250 Cr via Rights Issue
Paytm's board has approved a proposal to raise up to INR 2,250 Cr via a rights issue to strengthen its payments arm, Paytm Payments Services Ltd (PPSL).
- The investment will be used to bolster PPSL's net worth.
- It will also be used to pay for the acquisition of its offline merchant payment business.
- Fund working capital requirements.
Additionally, Paytm's board has appointed Manisha Raj, founder and CEO of AI startup SoftHub, as an independent director for a period of five years.
Financially, Paytm's PAT declined 98% YoY to INR 21 Cr, while operating revenue surged 24% YoY to INR 2,061 Cr in Q2 FY26.
Paytm's parent One97 Communications Ltd's board approved the proposal to raise up to INR 2,250 Cr via a rights issue.
Author's summary: Paytm raises INR 2,250 Cr via rights issue.
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