One 97 Communications Limited (PAYTM) announced on December 22, 2025, that its wholly-owned subsidiary, Paytm Cloud Technologies Limited (PCTL), has received board approval to incorporate two new wholly-owned subsidiaries in Indonesia and Luxembourg. These step-down subsidiaries are part of the company's strategy to explore new markets for its merchant payments and financial services technology. Furthermore, PCTL's existing subsidiary, Paytm Arab Payments L.L.C. (PAPL), which operates in the UAE, has approved the issuance and allotment of 76,862 equity shares of AED 100 each to Abbar Global Opportunities Holdings Limited (AGOHL). This transaction represents a 49% stake in PAPL, with an investment of approximately AED 7,686,200. Upon completion, PAPL will become a 51% owned subsidiary of PCTL, continuing as a step-down subsidiary of One 97 Communications Limited. AGOHL is a Special Purpose Vehicle of Mr. Mohamed Ali Rashed Alabbar, the founder of Emaar Properties. PCTL will invest up to ₹25 Crores in its proposed Indonesian subsidiary and a similar amount in its Luxembourg subsidiary. The transaction for PAPL is expected to be consummated by February 28, 2026. The company also indicated that no governmental or regulatory approvals are required for the incorporation of the new subsidiaries in Indonesia and Luxembourg.
