Paytm Acquires 90.01% Stake in Foster Payment Networks for ₹55.2 Crore

One 97 Communications Limited (Paytm) has acquired a 90.01% stake in Foster Payment Networks Private Limited from its subsidiary, Paytm Financial Services Limited (PFSL), for ₹55.2 crore, effective October 10, 2025. The transaction is part of Paytm’s broader corporate restructuring to streamline its group structure and enhance operational efficiency. Foster Payment Networks, a technology services firm incorporated in 2021, reported steady income—ranging between ₹2.54–4.22 crore over the last three fiscal years. Paytm plans to acquire the remaining 9.99% stake by December 31, 2025, at an estimated cost of ₹6.2 crore, making Foster a wholly-owned subsidiary. The deal, disclosed under SEBI norms, qualifies as a related-party transaction but was conducted at fair value on an arm’s length basis. This move strengthens Paytm’s internal integration and reflects its strategy to consolidate key tech assets, improving agility and focus in India’s competitive fintech sector.