Paytm’s Singapore Arm Approves Stake Sale in PayPay

Paytm’s Singapore subsidiary has approved the sale of stock acquisition rights (SARs) in Japan’s PayPay Corporation. This decision is part of Paytm’s strategy to streamline its investments and raise funds. However, the company has not disclosed the buyer of these rights. This move follows Paytm’s earlier sale of its events and movies ticketing arm, Paytm Insider, to Zomato for $241.8 million. The sale is expected to help Paytm focus on its core business areas and improve financial stability.