One97 Communications, parent of Paytm, is expanding its global reach with new subsidiaries in Indonesia and Luxembourg. Additionally, its subsidiary, Paytm Arab Payments L.L.C (PAPL), is forming a partnership in the UAE with Abbar Global Opportunities Holdings Limited (AGOHL), pending regulatory approvals. AGOHL will acquire 49% stake in PAPL, making PAPL a 51% owned subsidiary of PCTL.
Global Subsidiary Expansion
Paytm Cloud Technologies Limited (PCTL), a wholly owned subsidiary of One97 Communications, has announced the incorporation of two new wholly owned subsidiaries in Indonesia and Luxembourg. This strategic move aligns with the company’s plans to explore new international markets and leverage its technology for global reach.
UAE Partnership with AGOHL
Paytm Arab Payments L.L.C (PAPL), a subsidiary of PCTL incorporated on April 30, 2025, is set to form a partnership with Abbar Global Opportunities Holdings Limited (AGOHL) in the UAE.
Under the proposed agreement, AGOHL will be issued 76,862 equity shares of PAPL, representing 49% of the post-issue paid-up share capital. This is subject to necessary approvals and actions.
Following this transaction, PAPL will transition from being a wholly owned subsidiary of PCTL to a 51% owned subsidiary, continuing as a step-down subsidiary of the company. The transaction is expected to be completed by February 28, 2026.
About Abbar Global Opportunities Holdings
AGOHL is a Special Purpose Vehicle (SPV) of Mr. Mohamed Ali Rashed Alabbar, founder of Emaar Properties, renowned for projects like Burj Khalifa and Dubai Mall.
Financial Considerations
The total consideration for the share issuance is approximately AED 7,686,200. Initial investment of up to INR 25 Crores will be made for the incorporation of entities in Indonesia and Luxembourg.
Source: BSE
