PayU invests Rs 50 crore in its lending unit

Bengaluru: PayU Payments has invested Rs 50 crore in its non-banking finance subsidiary PayU Finance, according to financial data accessed by business intelligence platform Tofler.

PayU Finance, which runs the LazyPay brands, allows consumers to pay for a product 15 days after they make the purchase.

PayU had hived off the lending entity as a separate company in January.


PayU Payments received around 80 lakh shares of PayU Finance in lieu of the investment. PayU Finance sold each share of Rs 10 face value at a premium of Rs 52 apiece.