In a filing with the BSE, OCL said that the transaction will be subject to clearances from all stakeholders and after requisite corporate approvals.
The story was first broken by Moneycontrol today, post which the BSE had sought a clarification from the Noida-headquartered company. OCL filed this in response to the queries from the stock exchange.
The company said that this transaction will help push up the cash balances held by OCL.
Moneycontrol had written that Paytm is looking to sell its stake in the Japanese payments firm to SoftBank for approximately $250 million.
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For the fintech firm, which has been facing regulatory scrutiny in its payments bank business, this is the second asset sale after it sold its ticketing business Paytm Insider to Zomato earlier this year.
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The stock price of Paytm closed at Rs 975.8, up 2% in intra-day trading on the stock exchanges.
