Paytm completes acquisition of 25% stake in Seven Technology

One 97 Communications, operating under the stock code PAYTM, announced the completion of its acquisition of a 25% stake in Seven Technology LLC, Delaware. The transaction, executed through its wholly-owned subsidiary, Paytm Cloud Technologies Limited (PCTL), was initially disclosed in a letter dated February 3, 2025. PCTL invested USD 1 million (equivalent to INR 8.7 crore) in Seven Technology LLC to secure the stake. The company informed that the transaction was completed on February 13, 2025. This disclosure is also available on the company's website. The announcement, made to the National Stock Exchange of India and BSE Limited, confirms the execution of previously announced transaction documents, and reflects One 97 Communications' continued investment in its subsidiaries.