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How will Paytm utilize the proceeds from the PayPay stake sale by December 31, 2025?
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Resolution / Starting Odds
Debt reduction • 25%
Investment in core operations • 25%
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Paytm's official financial statements and press releases
Story
Paytm's One97 Communications to Sell Stake in Japan's PayPay to SoftBank for $250 Million (Rs 2,000 crore)
Dec 6, 2024, 10:52 AM
Paytm's parent company, One97 Communications, is set to sell its stake in Japan's PayPay Corporation to SoftBank Group for $250 million (approximately Rs 2,000 crore). This decision aligns with Paytm's strategy to divest non-core assets and strengthen its capital base. The Paytm board has approved the sale, confirming the company's commitment to streamline its operations. The deal reflects a broader trend among tech firms to optimize their asset portfolios in a competitive market. The transaction is expected to bolster Paytm's financial position as it navigates the evolving digital payments landscape.
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