CURRENT AFFAIRS

Detailed explanation-1: -It has been suggested that this article be merged into Paytm. (Discuss) One97 Communications (OCL) is the parent entity of leading Indian mobile payments and financial services company Paytm , headquartered in Noida, India. It was founded in 2000 by Vijay Shekhar Sharma .

Detailed explanation-2: -It has been suggested that One97 Communications be merged into this article. (Discuss) Paytm (acronym for “pay through mobile") is an Indian digital payments and financial services company, based in Noida. It was founded in 2010 by Vijay Shekhar Sharma under One97 Communications.

Detailed explanation-3: -One97 Communications (OCL) is the parent entity of leading Indian mobile payments and financial services company Paytm , headquartered in Noida, India.

Detailed explanation-4: -In 2015, Alibaba and its affiliate company Ant Financial had become the largest shareholders in Paytm when they invested $680 million for over 44 percent equity stake in the company. After selling shares in the Noida-based fintech in its IPO and the recent sale, the duo still owns around 28 percent of Paytm.

Detailed explanation-5: -Ant and Alibaba own over 30% of shares between them, SoftBank owns nearly 17.5%, while Berkshire Hathaway Inc.’s holding is about 2.5%.