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One97 Communications Singapore Private Limited has approved the sale of all its Stock Acquisition Rights in PayPay Corporation, Japan, to a SoftBank Vision Fund 2 entity for net proceeds of JPY 41.9 billion (approximately INR 2,364 crore). This transaction, scheduled for completion in December 2024, values PayPay at JPY 1.06 trillion. The proceeds are set to bolster One97 Communications Limited's consolidated cash reserves, allowing for potential reinvestment into future initiatives aimed at shareholder value creation. Paytm will continue to support PayPay with technology and product innovations as part of its long-term strategy in the Japanese market. Investors should view this as a positive development, enhancing the company's financial stability and growth trajectory.