Gautam Adani, chairman of the Adani Group, is reportedly in negotiations to acquire a stake in One 97 Communications, the parent company of Paytm.
Gautam Adani, chairman of the Adani Group, is reportedly in negotiations to acquire a stake in One 97 Communications, the parent company of Paytm.
Gautam Adani and Paytm CEO Vijay Shekhar Sharma reportedly met on May 28 in Ahmedabad to finalize the details of the potential deal.
Gautam Adani and Paytm CEO Vijay Shekhar Sharma reportedly met on May 28 in Ahmedabad to finalize the details of the potential deal.
If the deal is finalized, Adani Group would enter the fintech market, competing with Google Pay, PhonePe, and Jio Financial.
If the deal is finalized, Adani Group would enter the fintech market, competing with Google Pay, PhonePe, and Jio Financial.
Vijay Shekhar Sharma owns 19% of One 97 directly and 10% through Resilient Asset Management, Saif Partners (15%), Antfin Netherlands (10%), company's directors (9%).One 97 Communications has a market cap of ₹21,773 crore
Adani Group is also reportedly in talks with funds from West Asia to bring them on board as investors in One 97.