One97 Communications Divests Xceed IT Solutions and Expands International Presence

One97 Communications Limited, the parent company of Paytm, has approved the sale of its entire stake in Xceed IT Solutions, streamlining its operations to focus on core business areas. Concurrently, the company is set to establish new subsidiaries in the United Arab Emirates, Saudi Arabia, and Singapore, aiming to strengthen its international footprint and tap into emerging markets. These strategic moves align with One97 Communications' vision to enhance its global presence and deliver innovative financial solutions across diverse regions.

Source:markets.ft