Overview

• One97’s board approved transferring the offline merchant business (QR, Soundbox and EDC/POS) to Paytm Payments Services via a slump sale, pending shareholder approval and targeted to close by December 31, 2025.
• PPSL holds in-principle RBI approval for the Payment Aggregator Online business, enabling all aggregation activities to operate under a single regulated entity.
• The offline unit generated about Rs 2,580 crore in FY25, roughly 47% of standalone revenue, with a reported net worth of around Rs 960 crore.
• One97 will buy about 51.22% of Paytm Financial Services from Vijay Shekhar Sharma and his entities for up to Rs 50 lakh to make PFSL wholly owned, with PFSL investees to be reorganised under the parent.
• Paytm will also acquire founder stakes in Paytm Emerging Tech, Paytm Insuretech and Paytm Life Insurance for Rs 3.52 crore and lift its Little Internet stake to about 78%, while shares rose roughly 2–2.65% on the announcement.