Paytm Parent News Today

It held a 17.5% stake in Paytm in September 2022 later it trimmed its ownership through multiple open market deals. After this sale, the companys stake in Paytm’s parent One97 Communications went down to 2.83 percent from 5.01 per cent earlier.

Revenue from operations for the payments major stood at Rs 2,341.6 crore for the June quarter, a 39.4% increase on year. Operational revenue growth for the firm, however, fell almost 5% on a sequential basis for the recently concluded quarter.