AGP Executive Report
Last update: 8 minutes agoPaytm Exit Watch: Elevation Capital (via SAIF III Mauritius) sold 56,000+ Paytm shares in a block deal worth about ₹630 crore at ₹1,120.65 each, as the fintech posted its first full-year profitability in FY26 (₹552 crore net profit). Market Mood: Paytm’s parent One 97 Communications shares fell ~5% after the likely 8.6 million-share block deal, with buyers reported to include major banks and funds. Fintech Expansion: India’s UPI is set to go live in Cyprus from next year after an MoU between NPCI International Payments and Eurobank Cyprus, following Modi’s 2025 visit. Mauritius Trade Link: Namibia’s live cattle exports show Mauritius as a key destination, taking 32.86% of weaners/live cattle shipments after South Africa. ICANN in Court: ICANN has entered Mauritius court proceedings tied to AFRINIC, shifting a local case into a broader global coordination fight. Tourism Policy Shock: Thailand cut visa-free stays for 54 countries from 60 to 30 days, citing overstays and security concerns.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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