Shares of One 97 Communications Ltd (Paytm) fell 1.5% after touching a dayβs high of Rs 1,276.10 on 26th August, even though the company said on Monday (25th August) that its board had approved rights issue investments of Rs 300 crore in Paytm Money and Rs 155 crore in Paytm Services to strengthen its core businesses.
Paytm said it will merge its Foster Payment and First Games units to simplify its group structure.
Its gaming arm, First Games, has exited the real-money gaming business following the enactment of the Promotion and Regulation of Online Gaming Act, 2025. The company clarified that First Games will continue to offer social games allowed under the law, but has stopped offering real-money gaming.
Paytm added that it will now have only limited exposure to the gaming segment through these social games.
At 11:43 AM, the shares of Paytm were trading 1.54% lower at Rs 1,256.50 on NSE.
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