Paytm Boosts Finances by Selling Stake in PayPay for ₹2,364 Crore

Paytm’s Singapore arm has approved the sale of its 5.4% stake in Japan-based PayPay Corporation to SoftBank Vision Fund 2 for ₹2,364 crore. This deal aligns with Paytm’s strategy to shed non-core assets and focus on its primary businesses, such as digital payments and financial services. The transaction is expected to enhance Paytm’s cash reserves and strengthen its financial position. Following the announcement, Paytm shares surged, reaching a 52-week high of ₹990.90 before closing at ₹975.80, up 2%. This move comes after other divestments, including the sale of its ticketing platform to Zomato.