One97 Communications Ltd (Paytm) said on Monday its board approved rights issue investments of ₹300 crore in Paytm Money and ₹155 crore in Paytm Services to strengthen its core businesses.
The company also said it would consolidate its Foster Payment and First Games subsidiaries to create a simplified group structure.
Paytm exits real-money gaming business
Paytm added that its gaming arm, First Games, has exited real-money gaming following the enactment of the “Promotion and Regulation of Online Gaming Act, 2025.”
“Pursuant to the publication by the Government of India in the Gazette, w.r.t. “The Promotion and Regulation of Online Gaming Act, 2025”, we have been informed by First Games that it will continue to offer other online social games, as permissible under the said Act and has discontinued its real money gaming business,” the company stated.
The company said it will maintain only a minor exposure to the segment through social gaming operations.
Shares of One97 Communications Ltd ended 0.9% higher at a price of ₹1,276.20 on the BSE. The stock’s value has increased by over 19% in the last one month.
