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Paytm Cloud Acquires 25% Stake in U.S.-Based Seven Technology for ₹8.7 Crore

Updated on: Feb 3, 2025, 11:18 AM IST
Paytm Cloud will invest ₹8.7 crore to acquire a 25% stake in Seven Technology, aiming to expand its global presence.
Paytm Cloud Acquires 25% Stake in U.S.-Based Seven Technology for ₹8.7 Crore
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Paytm Cloud, a wholly-owned subsidiary of One 97 Communications, has approved an investment of ₹8.7 crore (approximately $1 million) in Seven Technology. The strategic investment will see Paytm Cloud acquire a 25% stake in the company, according to a filing made by its parent, One 97 Communications, to the stock exchanges.

About Seven Technology

Seven Technology is the parent company of Dinie, a Brazil-based embedded finance startup that focuses on providing API-first solutions. Dinie’s primary goal is to offer digital financial services to micro, small, and medium-sized enterprises (MSMEs) within the Brazilian e-commerce sector. Following this transaction, Seven Technology and Dinie will become associate entities of Paytm Cloud.

Investment Outlook 

The investment is expected to strengthen Paytm Cloud’s understanding of the Brazilian market, specifically the landscape of merchants and the business opportunities available to MSMEs in the region. This move marks a key step in expanding the company’s international footprint and tapping into the growing digital finance space in Brazil.

Stock Performance

On February 03, 2025, Paytm share price traded 1.26% higher at ₹752.95 at 10:20 AM (IST). Paytm’s share price reached a 52-week high of ₹1,063 on December 17, 2024, and a 52-week low of ₹310 on May 09, 2025. As per BSE, the total traded volume for the stock stood at 2.77 lakh shares with a turnover of ₹16.72 crore.

At the current price, Paytm shares are trading at a price-to-earnings (P/E) ratio of -61.92x, based on its trailing 12-month earnings per share (EPS) of ₹-12.16, and a price-to-book (P/B) ratio of 3.74, according to exchange data.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 3, 2025, 11:18 AM IST

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