Ant Group-backed Paytm Gains Approval to Invest US$6 Million in Indian Unit
Tuesday, 9 July 2024, 09:39
Key Points:
Approval Received:
The approval, pending finance ministry vetting, allows Ant Group-backed Paytm to invest US$6 million into its Indian unit, Paytm Payment Services.
Business Operations Resumption:
This move eliminates the main obstacle for Paytm Payment Services to resume its normal business operations.
Commitment and Expansion:
- Clears the way for Ant Group-backed Paytm to enhance its market presence and operations in India.
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