Wealth management arm of One97 Communications, Paytm Money has gotten Rs 60 crore in new tranche from the holding organization in the midst of extension, development and presentation of new items. This is the second implantation from the parent substance in the recent months.
Paytm Money has designated 600,00,000 value shares at Rs 10 for every offer to raise Rs 60 crore from parent organization One97 Communications, shows administrative filings.
In September 2019, Paytm Money has received Rs 40 Crore From One97 Communication. It had also announced that it expected investment of Rs 250 Crore From Paytm in the next 18-24 months. Earlier this year, Paytm Money CEO Pravin Jadhav had resigned from his position.