One 97 Communications subsidiary approves €9m investment in Luxembourg-based Paytm Europe Payments to bolster capital ahead of operations.
Paytm Cloud Technologies Limited (PCTL), a wholly owned subsidiary of One 97 Communications, will invest €9m in its European payments unit, Paytm Europe Payments. The funding will be used to subscribe to 9 million equity shares at €1 each, increasing the paid-up capital of the Luxembourg-based entity to €10m.
Paytm Europe Payments, incorporated in January 2026, is yet to commence operations. PCTL currently holds 100% of its €1m paid-up share capital. The additional investment aims to support the unit’s business requirements but will not alter the shareholding structure.
The transaction is expected to be completed by 30 June 2026. Separately, One 97 Communications recently secured Rs9.63bn ($100.5m) from Goldman Sachs, Societe Generale, and Citigroup for a 1.34% stake.