New Delhi, Feb. 3 -- Paytm share price jumped over 5% after the company announced the acquisition of a US-based entity by its subsidiary Paytm Cloud Technologies. Paytm shares rallied as much as 5.27% to Rs.782.80 apiece on the BSE.

One 97 Communications, the parent company of fintech giant Paytm, informed that the board of directors of its wholly-owned subsidiary Paytm Cloud Technologies has approved an investment of $1 million, equivalent to Rs.8.70 crore, in Seven Technology LLC incorporated in Delaware for acquisition of 25% stake.

Seven Technology LLC is the parent company of Dinie Correspondente Bancario e Meios de Pagamento Ltda., Brazil-based API-first embedded finance start-up.

"Dinie enables digital/ e-commerce platforms to p...