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Adani in talks with Paytm for partnership, minority stake

The Arc Web · 11m

Adani Group is reportedly in talks to acquire a minority stake in Paytm, India's largest payments platform. As part of the potential partnership, Paytm would provide backend technology to support Adani's expansion into digital payments. Paytm's founder, Vijay Shekhar Sharma, is expected to retain control over the company. Adani Group has also shown interest in bringing investors from West Asia into Paytm. This development comes amid challenges for Paytm, including regulatory action that has impacted its operations and financial performance.