One 97 Communications Limited , popularly known as Paytm, has executed a Business Transfer Agreement to transfer its Offline Merchants Payment Business to its wholly-owned subsidiary, Paytm Payments Services Limited (PPSL). This strategic move, which follows unanimous shareholder approval through a postal ballot voting process, marks a significant step in the company's business restructuring strategy.

Transfer Details

The key details of the business transfer are as follows:

• Date of Agreement: November 28, 2023
• Effective Date: Midnight of November 30, 2023
• Transfer Amount: Approximately INR 960.00 crores
• Personnel Transfer: Includes two senior management personnel

This transfer is being undertaken to comply with the Reserve Bank of India's Master Directions on Regulation of Payment Aggregators dated September 15, 2023.

Voting Results

Prior to the execution of the agreement, the special resolution for the business transfer received overwhelming support from One 97 Communications' shareholders:

This unanimous decision reflects strong shareholder confidence in One 97 Communications' strategic direction and management decisions.

Business Restructuring Strategy

The transfer of the Offline Merchants Payment Business to PPSL is part of One 97 Communications' broader strategy to streamline its operations and potentially unlock value in its various business segments. This move could allow for more focused development and growth of the offline payment solutions, while the parent company continues to oversee the overall strategic direction.

Financial Context

While the specific financial implications of this transfer are now clear with the INR 960.00 crore valuation, it's worth noting One 97 Communications' recent financial position based on available data:

These figures indicate that One 97 Communications has been experiencing growth in its asset base and shareholder's capital, which provides a strong foundation for this strategic restructuring.

Implications for Stakeholders

1. Shareholders: The unanimous approval and subsequent execution of the agreement suggest that shareholders see potential value in this restructuring, possibly expecting improved operational efficiency or future growth opportunities.

2. Merchants: Offline merchants using One 97 Communications' payment solutions may benefit from a more focused approach to developing and improving these services under PPSL.

3. Competitors: This move could potentially strengthen One 97 Communications' position in the offline payments market, prompting competitors to reassess their strategies.

4. Regulators: The transfer aligns with regulatory requirements, specifically the RBI's Master Directions on Regulation of Payment Aggregators.

As One 97 Communications continues to evolve its business model, this transfer of the Offline Merchants Payment Business to PPSL represents a significant step in its corporate strategy. The unanimous shareholder approval and subsequent execution of the agreement underscore the confidence in this direction, setting the stage for potential further developments in the company's business structure and market positioning.

One 97 Communications Limited (Paytm) has seen a reduction in the combined stake held by Elevation Capital V Limited and associated entities, including Saif III Mauritius Company Limited. The sale, which took place on November 18, 2025, through open market transactions, resulted in a decrease of their total voting capital from 16.46% to 14.45%.

Transaction Details

The transaction, disclosed under SEBI takeover regulations, involved the sale of 12,800,000 shares of Paytm. Here's a breakdown of the shares sold by each entity:

Post-Transaction Shareholding

After the sale, the shareholding structure of these entities in Paytm is as follows:

Market Impact

This significant reduction in stake by major shareholders may have implications for Paytm's stock price and investor sentiment. The move comes at a time when the fintech sector in India is experiencing rapid changes and increased scrutiny from regulators.

Company Overview

One97 Communications Limited, popularly known as Paytm, is one of India's leading digital payment and financial services companies. The company offers a wide range of services including mobile payments, banking, investments, and e-commerce.

As per the latest available data, Paytm's total equity share capital stands at Rs. 638,663,460, comprising 638,663,460 equity shares with a face value of Rs. 1 each.

Investors and market analysts will be closely watching for any further developments or statements from Paytm or the selling entities regarding this transaction and its potential impact on the company's future strategies and performance.