💨 Abstract

Paytm, a digital payments and financial services company, is seeking resolution for alleged FEMA contraventions related to its subsidiaries Little Internet Private Limited (LIPL) and Nearbuy India Private Limited (NIPL). The alleged contraventions are attributed to transactions before the subsidiaries were acquired by Paytm, and the matter does not affect its operations.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖