Initially, One97 Communications will own 49% stake in Paytm General Insurance, while the remaining 51% stake would be held by VSS Holding, a company owned by Paytm MD Vijay Shekhar Sharma.
In the offline payments business, Paytm had 32 lakh devices deployed in stores as of April 2022, up from 9 lakh as of April 2021. User engagement on Paytm's super app rises 44% YoY.
Adani Wilmar delivered 123% returns to its shareholders since listing on February 8, 2022, while Paytm dropped 75% below the IPO issue price of ₹2,150.