Paytm arm to sell Stock Acquisition Rights in Japan's PayPay for Rs 2,364 crore

Paytm's Singapore arm has agreed to sell its stock acquisition rights in Japan's PayPay to SoftBank Vision Fund 2 for Rs 2,364 crore. This sale values PayPay at approximately USD 3.8 billion. The transaction, expected to close this month, involves rights convertible into a 7.2% stake in PayPay, acquired by Paytm Singapore for providing tech services. https://ift.tt/StJA2iI