One 97 Communication Completes 90% Acquisition of Foster Payment Networks; Share Price in Focus

One 97 Communications Limited (OCL) has completed the acquisition of 90.01% equity shares in Foster Payment Networks Private Limited from Paytm Financial Services Limited (PFSL). The share transfer was completed on October 10, 2025. With this, Foster has changed status from an associate company to a subsidiary of OCL. 

As per the exchange filings, the remaining 9.99% of shares held by other shareholders are expected to be acquired by December 31, 2025.

Details of the Acquisition

The acquisition was conducted entirely through cash consideration. The 90.01% stake was acquired at approximately  ₹55.20 crore, based on fair value as of September 30, 2025. The expected cost for acquiring the remaining shares is around  ₹6.20 crore. The transaction qualifies as a related-party deal and was executed on an arm’s-length basis under applicable regulations.

Purpose of the Transaction

The acquisition is part of an internal restructuring of the group. The company is to simplify its organisational structure and improve operational alignment. Bringing Foster fully under OCL’s control allows for streamlined reporting and governance within the group.

About Foster Payment Networks

Foster operates in the technology services sector and was incorporated on February 23, 2021, with an authorised and paid-up capital of  ₹50 crore. The company has recorded steady financials over the last 3 years, with total income of  ₹2.54 crore in FY 2022-23,  ₹4.22 crore in FY 2023-24, and  ₹4.12 crore in FY 2024-25.

Read More: Paytm Launches India’s First AI Soundbox for Payments!

One 97 Communications Share Price Performance 

As of October 13, 2025, 10:24 AM, One 97 Communications share price was trading at ₹1,241.20, a 0.35% increase from the previous closing price.

Conclusion

After acquiring the remaining 9.99% of shares, Foster will become a wholly owned subsidiary of One 97 Communications. No governmental or regulatory approvals were required for the transaction. The transfer marks the completion of the group’s plan to restructure its holdings in Foster and integrate its operations under OCL.

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