The project boasts 608 fully furnished rooms distributed across five blocks. The rooms are classified as standard private rooms, standard twin-sharing, and premium rooms.
The company will utilise the funds to bolster its direct-to-consumer (D2C) play, expand reach via e-commerce channels, and expand its product portfolio.
Paytm said PPBL is taking immediate steps to comply with RBI directions, including working with the regulator to address their concerns as quickly as possible