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One97 Communications, the parent firm of Paytm, said its wholly owned subsidiary company, One97 Communications Singapore Private Limited (“Paytm Singapore”), has informed the company that its board of directors at its meeting held on December 6, 2024, has approved the sale of all its stock acquisition rights in PayPay Corporation, Japan, to the SoftBank Vision Fund 2 entity for net proceeds of JPY 41.9 billion (equivalent to ₹2,364 crore).
