The agreement was signed in the presence of Saurabh Gaur, Secretary, Information Technology, Electronics and Communications, Government of Andhra Pradesh and Vijay Shekhar Sharma, Founder, Managing Director and CEO of Paytm
The visit is significant for SoftBank, which has been facing losses from its Vision Fund, and comes on the back of a series of stake offloads across listed firms
The transaction includes availing of services of up to Rs 1,550 crore from the Paytm Payments Bank and rendering of services of up to Rs 1,700 crore to the bank