Paytm to Raise Funds 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 boost PPSL's net worth, pay for the acquisition of its offline merchant payment business, and fund working capital requirements.
- The rights issue aims to further bolster Paytm's payments arm.
- The capital will enable PPSL to support its working requirements and bolster its net worth.
No direct quotes available in the text.
On the financial front, Paytm's PAT declined 98% YoY to INR 21 Cr, while operating revenue surged 24% YoY to INR 2,061 Cr in Q2 FY26.
Author's summary: Paytm raises INR 2,250 Cr via rights issue.
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