Paytm gives approval for stake sale in PayPay – The Tribune-OxBig News Network

Fintech firm One97 Communications, which owns Paytm, has approved the sale of stake in Softbank group’s fintech firm PayPay Corporation, the company said in a regulatory filing on Friday. Paytm holds 7.2 per cent stake in PayPay Corporation.

“We have been informed by One97 Communications Singapore Pvt Ltd that its Board of Directors at its meeting held today approved sale of Stock Acquisition Rights (SARs) in PayPay Corporation, Japan,” Paytm said in the filing.