Paytm Invests ₹2,250 Cr in Payments Arm

Paytm, the popular digital payments company, recently invested ₹2,250 crore in its payments arm, PPSL.

This investment was made through a rights issue of equity shares.

Additionally, Paytm launched a new feature called 'Hide Payments,' which allows users to hide certain transactions from their main payment history for privacy.

In their latest financial results, Paytm reported a net profit of ₹211 crore before a one-time charge, and ₹21 crore after the charge.

Their operating revenue increased by 24% compared to the previous year.

Paytm's stock price also went up by 2.48% on the day of the investment.