Paytm Big Update: There is a big update regarding Paytm. Paytm's parent company One 97 Communications Private Limited () has approved the decision to sell a stake in the company to Japan's credit card company, PayPay Corporation (). Paytm Singapore, owned by Paytm's Singapore branch, One 97 Communications Private Limited, has approved this deal. Paytm believes that due to this deal, the company's total cash balance can increase. PayPay Corporation is also a part of SoftBank Group. This information has been shared by Paytm during the exchange filing.

Paytm shares rise

Due to this news, positive sentiments have been seen in the stock market regarding Paytm shares. Paytm shares rose 2% to their highest level in 52 weeks. During trading in the stock market, Paytm shares reached the level of Rs 990.90. This has been the highest level of the company's shares during the last 52 weeks and after the decline, Paytm shares closed at Rs 975.80.

Paytm Q2 Result

In the second quarter of FY25, which ended in September, Paytm has earned a profit of Rs 930 crore after tax deduction. The company has made a profit of Rs 1345 crore from its business of selling entertainment tickets. The company has informed that this quarter, the company's earnings have seen an 11% jump as compared to the previous quarter.