One 97 Communications (PCTL) confirms the finalization of the share allotment to Abbar Global Opportunities Holdings Limited in its subsidiary, Paytm Arab Payments L.L.C. (PAPL), effective February 13, 2026. A total of 76,862 equity shares were issued, resulting in Abbar holding 49% of PAPL’s paid-up capital. Consequently, PAPL transitions from being a wholly owned subsidiary to a step-down subsidiary retaining 51% ownership for PCTL.
Update on UAE Subsidiary Share Allotment
One 97 Communications Limited is providing an update regarding its previously announced partnership in the UAE. This follows the disclosure made on December 22, 2025, concerning the investment by Abbar Global Opportunities Holdings Limited in Paytm Arab Payments L.L.C. (PAPL).
The company confirms that, subsequent to obtaining all necessary approvals and completing the required formalities, the Board of Directors of PAPL has finalized the issuance and allotment of shares to the investor.
Key Transaction Details
The allotment involved 76,862 (Seventy Six Thousand Eight Hundred Sixty Two) equity shares of PAPL. Each share carried a face value of AED 100/- (Hundred Dirhams).
This issuance establishes Abbar Global Opportunities Holdings Limited, based in Abu Dhabi Global Market, as a significant shareholder, holding exactly 49% of the post-issue paid-up share capital of PAPL. This transaction was formally completed effective February 13, 2026.
Impact on Subsidiary Status
As a direct consequence of this allotment, Paytm Arab Payments L.L.C. (PAPL) has ceased to be a wholly owned subsidiary of PCTL.
Going forward, PAPL will now constitute a 51% subsidiary of PCTL, maintaining its status as a step-down subsidiary of the Company.
Source: BSE
