Adani Eyes Paytm. Strategic Shift or Expansion Spree?

In a significant move that could reshape India’s fintech landscape, Gautam Adani is reportedly in advanced talks with Vijay Shekhar Sharma to acquire a substantial stake in Paytm

This potential acquisition highlights Adani’s expanding footprint beyond traditional industries into the burgeoning tech sector.

The discussions between Adani Group and Paytm are focused on finalizing the contours of the deal, which, if successful, would mark Adani’s entry into the competitive digital payments market.

Paytm, founded by Vijay Shekhar Sharma in 2010, has become a household name in India, offering a range of services from digital wallets to e-commerce and financial services.

The conglomerate, known for its significant presence in infrastructure, energy, and logistics, has been actively seeking opportunities in technology and digital services.

Adani’s interest in Paytm aligns with the global trend of traditional industries investing in tech startups to leverage digital innovation.