Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, One 97 Communications has informed that, subject to requisite approvals, the Company is considering an investment of up to Rs 100 Crore in the Gujarat International Finance Tec-City (GIFT City), Gujarat, India, to offer AI-driven cross border remittance and set up a development centre for innovation. The company has enclosed the press release in this regard. The above disclosure will also be hosted on the Company's website: www.paytm.com.
The above information is a part of company’s filings submitted to BSE.