Paytm Board Approves Sale Of 100% Stake In Subsidiary Xceed

Existing Directors of Xceed, Vineet Narang and Sabina Kamal, will buy these stakes for consideration worth INR 60,728

As per the exchange filing, Xceed’s net worth is INR 5.17 Lakhs and it currently has no business operations

Formed in 2005, Xceed IT Solutions is a wholly owned subsidiary of Mobiquest Mobile Technologies Private Limited, which operates in the field of information technology, specifically engaged in computer programming, consultancy, and related activities

Listed fintech Paytm’s board has approved…