One97 Communications (Paytm) incorporates subsidiaries in Indonesia and Luxembourg, dilutes 49% stake in UAE arm.

Key facts

• One97 Communications through wholly-owned Paytm Cloud Technologies Ltd incorporates two step-down wholly-owned subsidiaries in Indonesia and Luxembourg.
• Paytm plans to invest up to ₹25 crore in each of the two new subsidiaries.
• Paytm Arab Payments LLC issues 76,862 equity shares to Abbar Global Opportunities Holdings, representing 49% of post-issue paid-up capital, valuing the allotment at about ₹19 crore.
• After the allotment, Paytm Arab Payments becomes a 51% step-down subsidiary of Paytm Cloud Technologies Ltd and continues as a step-down subsidiary of One97 Communications.
• The transaction is expected to be completed by February 28, 2026.