One97 Communications, Paytm’s parent company, announced plans to simplify its group structure by acquiring founder Vijay Shekhar Sharma’s stakes in several associate companies.
The company will buy 51.22% of Paytm Financial Services Limited (PFSL) from Sharma and VSS Investco for up to ₹0.5 crore, making PFSL a wholly owned subsidiary. Consequently, PFSL’s investments in Admirable Software, Mobiquest, Urja Money, and Fincollect Services will also become fully owned by One97.
Additionally, One97 will acquire remaining stakes in Paytm Emerging Tech, Paytm Insuretech, and Paytm Life Insurance for up to ₹3.52 crore, consolidating all entities as wholly owned subsidiaries. This move aims to streamline Paytm’s corporate structure, improve transparency, and consolidate control over its financial and insurance businesses.