One97 Communications’ (Paytm) wholly-owned subsidiary -- One97 Communications Singapore (Paytm Singapore) has completed sale of all its Stock Acquisition Rights (SARs) held by it in PayPay Corporation, Japan (PayPay).
These SARs, acquired by Paytm Singapore in September, 2020, sold to a SoftBank Vision Fund 2 entity for net proceeds of JPY 41.9 billion. Through this deal, PayPay is valued at JPY 1.06 trillion and accordingly, PayPay SARs held by Paytm Singapore are valued at net proceeds of JPY 41.9 billion (after netting off the exercise cost of SARs).
One97 Communications (Paytm) is India's leading digital ecosystem for consumers as well as merchants.
