Paytm Share Price Gains 4% as Subsidiary Acquires 25% Stake in Seven Tech

Shares of One 97 Communications, the parent company of Paytm, rose 3.7% on Monday, February 17, 2025, reaching an intraday high of ₹751 on the BSE. The stock saw buying interest after its subsidiary, Paytm Cloud Technologies, completed the acquisition of a 25% stake in Seven Technology LLC.

At 12:13 PM, Paytm share price was trading at ₹736, up 1.67%, while the BSE Sensex was down 0.39% at 75,642.44. Paytm’s market capitalisation stood at ₹46,932.33 crore. The stock’s 52-week high is ₹1,063, and its 52-week low is ₹310.

Acquisition Details

Paytm Cloud Technologies completed the transaction on February 13, 2025, at 9:09 PM IST, as per the company’s filing. Earlier, Paytm had announced an investment of $1 million (₹8.7 crore) for acquiring a 25% stake in Seven Technology LLC, a Delaware-based company.

The board of Paytm Cloud Technologies approved the investment on February 3, 2025, at a meeting held at 8:15 AM IST.

About Seven Technology LLC

Seven Technology LLC is the parent company of Dinie Correspondente Bancário e Meios de Pagamento Ltd. (Dinie), a Brazil-based fintech startup. Dinie focuses on embedded finance solutions, allowing digital and e-commerce platforms to offer financial services to micro, small, and medium enterprises (MSMEs) in Brazil. With this acquisition, Seven Technology LLC and Dinie will become Paytm’s associate companies.

Other Developments

Last year, One97 Communications Singapore approved the sale of Stock Acquisition Rights (SARs) in Japan-based PayPay Corporation. Paytm’s Singapore unit initially acquired these SARs in September 2020.

Stock Performance Over the Past Year

In the last 12 months, Paytm shares have surged 102%, significantly outperforming the BSE Sensex’s 4.4% gain.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.