Paytm’s Big Move: Shares Soar as Singapore Arm Sells Stake

Paytm’s shares jumped over 3% after its Singapore unit decided to sell its stake in Japan’s PayPay to SoftBank Vision Fund 2 for ₹2,364 crore. This sale will boost Paytm’s cash reserves, helping the company invest in future projects. The deal highlights Paytm’s strategy to strengthen its financial position and continue supporting PayPay with technology and innovation. This move also marks a significant step in Paytm’s journey to enhance its market presence and shareholder value.