 "PayTm")
Aiming to expand its business operations and growth opportunities, Paytm First Games (PFG) has secured a loan of $30 million from One97 Communications and other existing investors, according to sources.
The loan will be given in two tranches, payable within five years, and will also have the option to be converted into equity shares, these people added.
According to the FY21 report of Paytm, Paytm Entertainment Limited had give a short term loan amounting to Rs 80.92 given to its joint venture company, Paytm First Games Private Limited (PFG) "on account of a commercial exigency and sudden business
The loan will be given in two tranches, payable within five years, and will also have the option to be converted into equity shares, these people added.
According to the FY21 report of Paytm, Paytm Entertainment Limited had give a short term loan amounting to Rs 80.92 given to its joint venture company, Paytm First Games Private Limited (PFG) "on account of a commercial exigency and sudden business
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