Mumbai, Oct. 15 -- The move aims to improve transparency, control, and operational efficiency. The company will acquire an additional 51.22% stake in Paytm Financial Services Ltd (PFSL) from founder Vijay Shekhar Sharma and his firm VSS Investco Pvt Ltd for up to Rs 0.5 crore, making PFSL a wholly owned subsidiary.

Following this, PFSL's investee firms - Admirable Software, Mobiquest Mobile Technologies, Urja Money, and Fincollect Services - will also become wholly owned subsidiaries.

Additionally, the company will acquire the remaining stakes in three other group entities for a combined Rs 3.52 crore - 51% in Paytm Emerging Tech Ltd (formerly Paytm General Insurance Ltd), 67.55% in Paytm Insuretech Pvt Ltd, and 51% in Paytm Life Insura...