Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations. 2015
Dear Sir / Madam,
Pursuant to Regulation 30 read with Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we wish to inform that the Board of Directors of One 97 Communications Limited ("Company"), in their meeting held on May 20, 2022, has approved the proposal to invest an amount of upto � 950 crores ("Proposed Transaction") in Paytm General Insurance Limited ("PGIL") in tranches, over a period of 10 years and to hold upfront equity stake of 74%.
We wish to further inform that the Proposed Transaction is subject to receipt of necessary approval(s)/permission of concerned statutory/regulatory authority(ies).
Consequent to this investment, PGIL will become a subsidiary of the Company.
The relevant details of the Proposed Transaction, as required under the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/ 2015 dated September 9, 2015, are provided in enclosed
Annexure.
The aforesaid details will also be hosted on the Company's website viz. www.paytm.com.
Request you to kindly take the same on record.
Thanking you
pliance Officer
Encl.: As above
One 97 Communications Limited
Corporate Office - One Skymark, Tower-D, Plot No. H-10B,Sector-98,Noida-201304
compliance.officer@paytm.com
T: +91120 4770770
F: +91120 4770771 CIN: L72200DL2000PLC108985
www.paytm.com
Registered Office - 136, First Floor, Devika Tower, Nehru Place, New Delhi-110019
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One 97 Communications Ltd. published this content on 21 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 May 2022 10:15:03 UTC.
One 97 Communications Limited owns and operates the brand Paytm. Paytm is a payment app offering consumers and merchants comprehensive payment services. Its segments include Payment, Commerce, Cloud, and others. The Company is in the business of providing payment and financial services, which primarily includes payment facilitator services, facilitation of consumer and merchant lending to consumers and merchants, wealth management. It is also involved in providing commerce and cloud services, which primarily consists of aggregator for digital products, ticketing business, providing voice, and messaging platforms to the telecom operators and enterprise customers and other businesses. The Company provides various services, such as net banking and Paytm payment instruments like wallet, Paytm postpaid (BNPL) to make online payments for mobile recharge, utility bills, rent, education, wallet top-ups and money transfers using the Paytm app.
ONE97 COMMUNICATIONS LIMITED 
