Paytm Share Price in Focus; To Set Up Wholly Owned Subsidiaries in Indonesia and Luxembourg

One 97 Communications Ltd has approved the incorporation of 2 wholly owned step-down subsidiaries in Indonesia and Luxembourg through Paytm Cloud Technologies Limited (PCTL).  

The decision was taken at a board meeting held on December 22, 2025, and disclosed to stock exchanges the same day. The company stated that this is part of its previously indicated plan to explore select international markets. 

Ownership and Regulatory Position 

Both proposed subsidiaries will be incorporated as wholly owned entities of PCTL and will remain indirectly 100% owned by One 97 Communications. The companies will operate in the payments and financial services segment.  

As per the disclosure, no specific governmental or regulatory approvals are required for the incorporation of either subsidiary. 

Investment Size and Intended Activity 

The company plans to invest up to ₹25 crore in each of the Indonesia and Luxembourg entities. The investments may be made in one or more tranches.  

According to the filing, the subsidiaries are expected to work on the distribution of Paytm’s merchant payments and financial services technology. This may involve a combination of local licences, partnerships, investments, and organic expansion, depending on market requirements. 

Update on UAE Subsidiary 

Separately, Paytm Arab Payments LLC, a UAE-based subsidiary incorporated in April 2025, has approved the issuance of 76,862 equity shares to Abbar Global Opportunities Holdings Limited. The issuance represents 49% of the post-issue paid-up share capital and values the transaction at about ₹19 crore, or AED 7,686,200.  

Following the allotment, the entity will become a 51% subsidiary of PCTL instead of a wholly owned unit. 

Transaction Timeline and Investor Details 

The UAE transaction is expected to be completed by February 28, 2026, subject to approvals and other conditions. Abbar Global Opportunities Holdings is a special purpose vehicle of Mohamed Ali Rashed Alabbar, founder of Emaar Properties.  

One 97 Communications has stated that the investor is not part of its group and that the transaction does not qualify as a related party transaction. 

One97 Communications Share Price Performance  

As of December 23, 2025, 9:34 am, One 97 Communications share price was trading at ₹1,331.50, a 0.20% increase from the previous closing price. 

Read More: Paytm Share Price in Focus; Invests ₹2,250 Crore in Paytm Payments Services! 

Conclusion 

The developments include new subsidiary incorporations in 2 overseas markets and a partial dilution of the UAE payments arm. The transactions are subject to standard timelines and regulatory conditions, as disclosed. 

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