Paytm Cloud Technologies to Invest EUR 9 Million in European Unit
Paytm Cloud Technologies Limited (PCTL), a subsidiary of One 97 Communications Limited, has approved an additional investment in its wholly owned subsidiary, Paytm Europe Payments S.A. (Paytm Europe). The investment aims to bolster the European unit's capital structure to meet its operational requirements.During a recent meeting, the Board of Directors of PCTL sanctioned a capital infusion through the subscription of 9 million equity shares of EUR 1 (One Euro Only) each. This investment brings the total consideration to EUR 9 million (Nine Million Euro).Paytm Europe Payments S.A. is a wholly owned subsidiary of PCTL, which itself is a subsidiary of One 97...