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 bolster PPSL's net worth, pay for the acquisition of its offline merchant payment business, and fund working capital requirements.
- Strengthen PPSL's net worth
- Acquire offline merchant payment business
- Fund working capital requirements
Additionally, Paytm's board has approved the appointment of Manisha Raj, founder and CEO of AI startup SoftHub, as an independent director for a period of five years.
Financially, Paytm's PAT declined 98% YoY to INR 21 Cr, while operating revenue surged 24% YoY to INR 2,061 Cr in Q2 FY26.
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Author's summary: Paytm raises INR 2,250 Cr via rights issue. The funds will strengthen its payments arm, Paytm Payments Services Ltd (PPSL), and support its working requirements.