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SUMMARY
Jugnoo said that it repurchased Paytm’s 12.75% stake for INR 23.52 Cr to consolidate ownership and enhance operational control
Jugnoo also plans to undertake an INR 10 Cr rights issue to expand operations and enhance technological capabilities in mobility and logistics
Founded in 2014, Jugnoo offers ride-hailing services, B2B logistics and hyperlocal food and grocery delivery offerings
Listed fintech major Paytm has sold its entire 12.75% stake in mobility aggregator Jugnoo’s parent Socomo Technologies for INR 3…
