Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Paytm Parent One97 Set To Raise Over $1.8 Billion From SoftBank: Report

28 April, 2017 7:22 AM
46 0
Paytm Parent One97 Set To Raise Over $1.8 Billion From SoftBank: Report

One97 Communications, owner of electronics payments provider Paytm, is set to raise more than Rs 12,000 crore ($1.87 billion) from Japan's SoftBank Group, the Economic Times reported on Friday citing sources.

The deal will value Noida-based One97 at about $9 billion and provide a 20 per cent stake to SoftBank, the report said.

SoftBank declined to comment. Paytm was not immediately reachable for comment.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Source: profit.ndtv.com

Share in social networks:

Comments - 0