One97 Communications, the parent of Paytm, has approved investments up to Rs 455 crore in its wholly-owned subsidiaries Paytm Money Ltd and Paytm Services Pvt Ltd, and has discontinued its real money gaming business in the wake of the government's law against it.

Paytm's gaming division First Games Technology Pvt Ltd, however, will continue to offer other online social games, it said in a filing to the stock exchanges on Monday.

First Games is considered as a joint venture from the group’s consolidation perspective and does not form part of One97 Communications’ consolidated revenues, it noted.

It added that as on June 30, 2025, the carrying value of investment in First Games in the consolidated financial statements is nil.

Last week, India’s Parliament passed the Promotion and Regulation of Online Gaming Bill, 2025 to ban real-money online games. The law's aim is to control issues such as addiction, financial distress, manipulation, and underage gaming. The law came as a big shock to the venture capital backed companies such as Dream Sports (parent of Dream11), Mobile Premier League (MPL) and Zupee.

Paytm also said that it will transfer 55% of the paid-up share capital of First Games from  Paytm Cloud Technologies Ltd to Paytm Services Pvt Ltd at a total amount of Rs 140 crore. 

Paytm also said that its board has approved investments of up to Rs 300 crore in Paytm Money and Rs 155 crore in  Paytm Services through rights issues.

Both are wholly owned subsidiaries and the infusion will not change the shareholding, it added.

Paytm also approved the 100% acquisition of Foster Payment Networks for up to Rs 61 crore to make it a wholly-owned unit.