• It also approved the restructuring of its United Arab Emirates (UAE)-based payments subsidiary, Paytm Arab Payments L.L.C. (PAPL), by onboarding a new strategic investor, resulting in a corresponding stake dilution.

• Approval 1:
  • What? Paytm to set up wholly owned subsidiaries in Indonesia and Luxembourg
  • Through: Paytm Cloud Technologies Limited (PCTL)
  • Operations: Payments and financial services
  • Investment: Up to Rs 25 crore in each new subsidiary
  • Restructuring (UAE PAPL):
    • AGOHL to acquire 49% stake, at ~Rs 19 crore (AED 7.69 million)
    • PAPL becomes a 51% subsidiary of PCTL

• What? Paytm to set up wholly owned subsidiaries in Indonesia and Luxembourg
• Through: Paytm Cloud Technologies Limited (PCTL)
• Operations: Payments and financial services
• Investment: Up to Rs 25 crore in each new subsidiary
• Restructuring (UAE PAPL):
  • AGOHL to acquire 49% stake, at ~Rs 19 crore (AED 7.69 million)
  • PAPL becomes a 51% subsidiary of PCTL

• AGOHL to acquire 49% stake, at ~Rs 19 crore (AED 7.69 million)
• PAPL becomes a 51% subsidiary of PCTL

About International Expansion:
Ownership: Both subsidiaries will be set up as wholly owned units of PCTL, remaining indirectly 100% owned by One97 Communications
Operations: Both will operate in the payments and financial services space.
Investment: Set up two step-down wholly owned subsidiaries in Indonesia and Luxembourg, with up to Rs 25 crore invested in each in one or two tranches.
Restructuring of PAPL UAE:
Equity Partnership: Abbar Global Opportunities Holdings Limited (AGOHL), a Special Purpose Vehicle(SPV) of Mohamed Ali Rashed Alabbar, founder of Emaar Properties, will acquire a 49% stake in the entity, valued at around Rs.19 crore (AED 7.69 million), making it a 51% subsidiary of PCTL.
Timeline: The transaction is expected to close by February 28, 2026.