NEW DELHI, Oct 15: Paytm’s parent One 97 Communications Ltd has approved a comprehensive internal restructuring plan to bring several of its financial and technology subsidiaries under direct ownership. The Board of Directors approved the transactions, describing the move as a step towards simplifying the group structure and creating certain subsidiary ownership changes, the firm said. The company said all transactions were independently valued and undertaken on an arm’s length basis as per regulatory provisions. The move is aimed at simplifying corporate structure, improving transparency and efficiency. As part of the plan, the company will acquire around 51.22 per cent equity in Paytm Financial Services Limited from founder Vijay Shekhar Sharma and his wholly owned entity VSS

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