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Paytm Singapore to Sell Stock Rights in PayPay for Rs 2364 Crore
Paytm Singapore is set to sell its Stock Acquisition Rights in PayPay Corporation to SoftBank Vision Fund 2 for approximately Rs 2,364 crore (JPY 41.9 billion). The deal, expected to close by December 2024, is subject to corporate approvals and customary conditions. Proceeds will bolster Paytm's cash reserves for future initiatives.
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