Paytm Cloud Technologies Limited (PCTL), a wholly owned subsidiary of One 97 Communications, has approved an additional investment in its European subsidiary.
In a stock exchange filing, One 97 Communications said PCTL approved the subscription of 9 million equity shares in Paytm Europe Payments. The shares have a face value of €1 each, taking the total investment to €9m.
The company said the investment will be made in cash in exchange for the issuance of equity shares to PCTL. The transaction is expected to be completed on or before 30 June 2026.
Paytm Europe Payments, a step-down wholly owned subsidiary of One 97 Communications, was incorporated on 12 January 2026 in Luxembourg.
According to the exchange filing, the entity operates in the payment services industry and related activities, and “is yet to commence its business.”
PCTL currently holds 100% of the €1m paid-up share capital of Paytm Europe. The objective of the fresh funding is an “increase in paid up capital of Paytm Europe to support the requirements of funds for its business.”
The filing added that there will be no change in shareholding following the additional investment.
Meanwhile, One 97 Communications has received investment from Goldman Sachs, Societe Generale, and Citigroup Global Markets.
The firms have collectively acquired a 1.34% stake in the Paytm parent from SAIF Partners and Elevation Capital for Rs9.63bn ($100.5m) through open market transactions, Business Standard reported.
Recently, Paytm launched Paytm Pocket Money, aimed at enabling teenagers without bank accounts to make real-time payments for everyday spends.
“Paytm unit approves investment in European payments subsidiary” was originally created and published by Electronic Payments International, a GlobalData owned brand.
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