It seems that One 97 has contacted Mukesh Ambani's NBFC and HDFC banks.
Paytm And Jio: It is known that RBI imposed restrictions on the app due to complaints that there were problems in Paytm. As a result, Paytm's parent company One 97 is facing a serious crisis. In this sequence, the company's shares fell heavily. With this, the news of selling this company to another company is gaining momentum. However, it is being heard loudly that Mukesh Ambani, a close friend of Kubherd, is likely to take over the One 97 company. It seems that One 97 has contacted Mukesh Ambani's NBFC and HDFC banks. However, on Monday, shares of Jio Financial Services, owned by Mukesh Ambani, rose by 15 percent due to the publicity of this matter.
Paytm parent One 97 is in talks with some companies to sell their business. At this moment, it seems that Jio Financial is putting interest on Paytm. The Mukesh Ambani-led non-banking financial company (NBFC) handles the financial activities of Jio Finance Limited, Jio Insurance Broking Limited and Jio Payment Solutions. The company has invested $300 million with BlackRock, the world's largest asset manager. Millions of people in India are investors in it.
Its net profit till December 2023 is Rs.293.82 crores. It was demerged from Reliance and entered the stock exchange on August 21 of the same year. Its shares rose up to 15 percent on Monday, February 5. With this, the shares of Jio Financial have reached a maximum of 288.75. However, HDFC and Jio Financial are ahead to buy Paytm, said Vijay Verma, head of Paytm. He said that discussions are going on as part of this.