Monday, 3 June, 2024

Adani Eyes Stake in Paytm's Parent Company, Enters Fintech Arena

Gautam Adani is in discussions with Vijay Shekhar Sharma to acquire a significant stake in Paytm's parent company, One97 Communications. This move signals Adani's strategic entry into the fintech sector, aiming to leverage Paytm's vast user base and technological prowess. The potential deal underscores the growing convergence of traditional conglomerates and digital financial platforms in India's dynamic market.