India, Aug. 26 -- In a bid to bolster its revenue streams, fintech giant Paytm's board has approved an investment of INR 300 Cr in its investment tech subsidiary, Paytm Money.

In an exchange filing, the company said that Paytm Money will issue 30 Cr additional equity shares at a face value of INR 10 apiece to it.

Paytm Money operates in the investment and wealth management services segment, providing services like stock broking, mutual fund distribution, among others. Paytm has been bullish about the subsidiary's future prospects. In its Q1 earnings call, CFO Madhur Deora said that Paytm was doing very well on the equity broking side.

Earlier this year, Paytm Money received the approval from the Securities and Exchange Board of India (...