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Will Paytm report improved financial performance by the end of Q2 2025 post PayPay stake sale?
3
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Yes • 50%
No • 50%
Paytm's quarterly financial reports, financial news analysis
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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