{"id":91565,"date":"2023-02-22T10:40:00","date_gmt":"2023-02-22T05:10:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=91565"},"modified":"2023-02-22T10:36:09","modified_gmt":"2023-02-22T05:06:09","slug":"biz-paytm-7","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-paytm-7\/","title":{"rendered":"Paytm seeks shareholders&#8221; nod for related party transactions of Rs 3,250 cr with PPBL"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1452094547\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Digital financial services firm One97 Communications, which operates under the Paytm brand, has sought shareholders&#8217; approval for a transaction totalling Rs 3,250 crore with Paytm Payments Bank Limited.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3652442967\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The transaction includes availing of services of up to Rs 1,550 crore from the Paytm Payments Bank and rendering of services of up to Rs 1,700 crore to the bank.<\/p><p>Paytm&#8217;s Postal Ballot notice seeks approval of shareholders for &#8220;Approval of Material Related Party Transactions with Paytm Payments Bank Limited&#8221;.<\/p><p>The voting on the agenda will commence in the morning of February 22 and close on the evening of February 23.<\/p><div class=\"trade-content_5\" id=\"trade-4160021027\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The proposal was approved by the company&#8217;s shareholders in February 2022 but the company has to again seek approval following a SEBI circular issued on April 8, 2022, which restricts approval of validity to one year for related party transactions. PTI PRS<\/p><div class=\"trade-after-content\" id=\"trade-1524321010\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Digital financial services firm One97 Communications, which operates under the Paytm brand, has sought shareholders&#8217; approval for a transaction totalling Rs 3,250 crore with Paytm Payments Bank Limited. The transaction includes availing of services of up to Rs 1,550 crore from the Paytm Payments Bank and rendering of services of up to Rs 1,700 crore [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":15519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-91565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Paytm seeks shareholders&#039;&#039; nod for related party transactions of Rs 3,250 cr with PPBL - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Digital financial services firm One97 Communications, which operates under the Paytm brand, has sought shareholders&#039; 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