Overview
- One97’s board approved raising up to INR 2,250 crore via a rights issue to capitalise Paytm Payments Services Ltd, with completion targeted by December 31, 2025 subject to required approvals.
- The company is transferring its offline merchant payments unit to PPSL to align with RBI payment aggregator rules, with PPSL already holding in-principle PA authorisation.
- Q2 FY26 revenue rose 24% year-on-year to INR 2,061 crore as consolidated net profit printed at INR 21 crore after a one-time INR 190 crore impairment linked to the gaming joint venture.
- Shares climbed 4–5% to fresh highs as brokerages lifted targets (Jefferies to Rs 1,600, Citi to Rs 1,500, BofA to Rs 1,400) and MSCI confirmed Paytm’s addition to its Global Standard Indexes effective November 24.
- Paytm named AI entrepreneur Manisha Raj Raisinghani as an independent director subject to shareholder approval, advanced Postpaid 2.0 as credit on UPI, and announced a Groq partnership for real-time AI in payments.