26/3/2025, 12:53:03 pm

Mobility aggregator Jugnoo to buy back Paytm’s stake for Rs 23.5 crore

Chandigarh-based Jugnoo is repurchasing Paytm's 12.75% stake for Rs 23.52 crore, set to complete by March 31, 2025. The move aims to consolidate ownership and operational control. Jugnoo is also offering other investors an exit at the same valuation. Additionally, a Rs 10 crore rights issue is planned to expand operations and enhance tech capabilities.