Explore the latest news, in-depth reports, and executive analysis tagged with #Restructuring.
Paytm has also approved the transfer of its offline merchant payments business to its wholly-owned subsidiary, Paytm Payments Services Ltd.
The two companies are actively working to finalize contractual terms in a definitive agreement.
"We undertook broader strategic organisational restructuring, impacting around 16% of our workforce, including a small number of early-career employees," the company said.
Performance pressure is mounting at BharatPe, triggering leadership shakeups and engineering changes ahead of its IPO, sources say.
Nearly 10-15 senior executives—at the AVP, VP, and SVP levels—have been let go from Paytm Payments Services Limited, which is still awaiting its final PA licence from the RBI.
The Singapore High Court has allowed WazirX's parent to convene a scheme meeting with the users of the cryptocurrency exchange.
