One 97 Communications Limited (Paytm) has completed the transfer of 90.01% equity shares of Foster Payment Networks Private Limited from Paytm Financial Services Limited. The transfer was executed on October 10, 2025, making Foster Payment Networks a subsidiary of Paytm. The remaining 9.99% equity shares transfer is underway and expected to finalize by December 31, 2025. This acquisition simplifies the group’s organizational structure.
Foster Payment Networks Now a Paytm Subsidiary
Paytm has successfully completed the acquisition of a majority stake in Foster Payment Networks Private Limited. On October 10, 2025, Paytm finalized the transfer of 90.01% of Foster’s equity shares from Paytm Financial Services Limited (PFSL). Following the completion of the transfer, Foster Payment Networks is now officially a subsidiary of One 97 Communications Limited (Paytm).
Remaining Share Acquisition in Progress
The company is also in the process of acquiring the remaining 9.99% equity shares of Foster from other shareholders. This final transfer is expected to be completed by December 31, 2025. Once this final acquisition is complete, Foster will become a wholly-owned subsidiary of Paytm.
Strategic Rationale
This acquisition is part of Paytm’s internal restructuring efforts, with the goal of streamlining the group’s organizational structure, improving business efficiency, and ensuring better alignment of operations.
Key Financial Details
The cost of acquiring the initial 90.01% equity shares from PFSL is approximately INR 55.20 crores, based on Fair Value as of September 30, 2025. The expected cost of acquiring the remaining 9.99% equity shares from other shareholders is approximately INR 6.20 Crores.
Foster’s Financial Performance
Foster Payment Networks’ total income for the financial year ending March 31, 2025, was INR 4.12 Crores. The total income for previous financial years include: INR 4.22 Crores for FY 2023-24 and INR 2.54 Crores for FY 2022-23.
Source: BSE
