Paytm Increases Stake in First Games to 82.6%, Approves ₹90 Crore Default Loss Guarantee

One 97 Communications Limited (Paytm) has announced key strategic decisions under Regulation 30 of SEBI LODR, including a stake increase in its step-down subsidiary First Games Technology Private Limited and approval of a default loss guarantee to support its lending business.

Conversion of Loan into Equity

The company has approved the conversion of an outstanding loan, along with unpaid interest amounting to approximately ₹197 crore, into 19,67,70,855 equity shares of ₹10 each at par in First Games Technology Private Limited.

Following this conversion, Paytm’s direct and indirect shareholding (through Paytm Services Private Limited) will increase from 55% to 82.6% on a fully diluted basis. The transaction does not have any financial impact as the investment had already been fully impaired.

FGTPL, incorporated in November 2017, was previously engaged in online real money gaming but discontinued operations on August 25, 2025, following the implementation of the The Promotion and Regulation of Online Gaming Act, 2025.

Default Loss Guarantee for Lending Business

In line with its loan distribution model, One 97 Communications Limited has approved a Default Loss Guarantee (DLG) of up to ₹90 crore for loans disbursed by Piramal Finance Limited.

This guarantee will be extended in the form of bank guarantees or fixed deposits and is aimed at supporting lending partnerships while enabling the company to earn sourcing and collection fees.

Strategic Impact

• Strengthens control over subsidiary through increased stake
• Aligns with restructuring after exit from gaming business
• Supports core lending distribution model
• Enhances revenue opportunities via financial services partnerships

One 97 Communications Share Price Performance

As of April 17, 2026 at 11:16 AM, shares of One 97 Communications Limited were trading at ₹1,162.65, up by ₹13.80 or 1.20% from the previous close of ₹1,148.85.

Read More: KPI Green Energy Share Price in Focus; Receives Inter-State Power Trading Licence from CERC.

Conclusion

The move reflects One 97 Communications Limited’s continued focus on restructuring non-core businesses while strengthening its financial services segment, particularly in loan distribution and partnerships.

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 or 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 related documents carefully before investing.