The NBFC said that it has logged the highest-ever quarterly increase in its AUM of about Rs 22,700 crore in Q1FY24.
To begin, merchants on the Paytm network will be eligible for Shriram Finance loans.
It signed a syndicated social loan facility of up to $200 million.
Following this sale, Piramal Enterprises will not hold any stake in Shriram Finance.
PhonePe had proposed a cash offer of $90 million to acquire ZestMoney.
With the cancellation of the Certificate of Registration (CoR), the two NBFCs should not conduct Non-Banking Financial Institution (NBFI) business
A total of 2.1 crore Paytm shares, representing a 3.4% stake in the company, were traded in a block deal.
Paytm witnessed continued consumer base expansion, with average monthly transacting users (MTU) at 89 million in January 2023.
Apax Partners offered up to 6% discount on the block deal sale.
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