One 97 Communications Limited, the parent of Paytm, has cleared a series of strategic measures at its board meeting on August 25.
The board approved:
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Rs 300 crore investment in Paytm Money and Rs 155 crore in Paytm Services through rights issues (no change in shareholding).
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100% acquisition of Foster Payment Networks for up to Rs 61 crore, making it a wholly owned subsidiary.
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Transfer of equity in First Games Technology from Paytm Cloud Technologies to Paytm Services for up to Rs 140 crore.
Meanwhile, Paytm First Games has exited its real money gaming (RMG) business following the government’s notification of the Promotion and Regulation of Online Gaming Act 2025, which bans all RMG platforms in India.
Paytm clarified that First Games contributes nothing to consolidated revenues and has a nil book value.
The gaming exit follows a wider industry fallout, with platforms like Dream11, MPL, Zupee, Gameskraft, My11Circle, Probo, and WinZo already shutting their RMG operations.
By: Arushi Agarwal
