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SUMMARY
The investment will be used to strengthen PPSL’s net worth, pay for acquisition of its offline merchant payment business and fund working capital requirements
Paytm’s board also gave its nod to the appointment of AI startup SoftHub’s founder and CEO Manisha Raj as an independent director on the fintech’s board for a period of five years
On the financial front, Paytm’s PAT declined 98% YoY to INR 21 Cr, while operating revenue surged 24% YoY to INR 2,061 Cr in Q2…
