Paytm Cloud buys 25% stake in Seven Tech to explore opportunities in Brazil
"Paytm Cloud Technologies Limited, our wholly-owned subsidiary (PCTL), that the Board of Directors of PCTL at its meeting held on February 03, 2025...Has approved an investment of USD 1 million (equivalent to Rs 8.70 crore) in Seven Technology LLC incorporated in Delaware for the acquisition of 25 per cent stake," the company said in a regulatory filing.
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The Paytm board approved the incorporation of Paytm Cloud Technologies Limited (PCTL) last month to explore business opportunities in the overseas market. Image: PTI