Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Paytm Undertakes Restructuring To Bring Key Units Under Direct Ownership
Paytm’s parent company, One97 Communications, has launched a major internal restructuring initiative to simplify its complex corporate structure and improve operational efficiency. The plan involves acquiring around 51.22% equity of Paytm Financial Services Ltd from founder Vijay Shekhar Sharma, making it a wholly owned subsidiary. In addition, subsidiaries currently under PFSL, such as Admirable Software, Mobiquest, Urja Money, and Fincollect, will be reorganized to come directly or indirectly under One97’s control. Paytm will also acquire remaining stakes in its insurance and tech subsidiaries to consolidate ownership, and raise its holding in Little Internet Pvt Ltd, which manages its e-commerce business. The restructuring aims to streamline management, strengthen compliance, and refocus the company’s resources on its core fintech and payments operations in response to regulatory scrutiny and investor expectations.