Paytm Cloud To Pick Up 25% Stake In Seven Technology

Paytm’s subsidiary Paytm Cloud Technologies received board’s approval to acquire 25% stake in Seven Technology

The transaction is valued at $1Mn (around INR 8.7 Cr) via a cash deal

Shares of One97 Communications was up about 1% at INR 750.75 apiece in the intraday morning trade on the BSE today

Paytm’s arm Paytm Cloud Technologies Limited (PCTL) is set to acquire a 25% stake in Delaware-based fintech startup Seven Technology LLC for $1 Mn (around INR 8.7 Cr).

In a regulatory filing, One97 Communications said…