Business
Paytm to sell entertainment ticketing units to Zomato for Rs 2,048 crore: BSE
NEW DELHI: One 97 Communications Limited, the parent company of Paytm on Wednesday said that it will sell its entertainment ticketing business to Zomato for Rs 2,048 crore.
The entertainment ticketing services, including movies, sports, and events, will remain available on the Paytm app during a transition period of up to 12 months, it said.
“One 97 Communications Limited (OCL)…today announced, that it has entered into definitive agreements for the sale of its entertainment ticketing business that includes movies, sports and events (live performances) ticketing to Zomato Limited,” the company said.
The entertainment ticketing services, including movies, sports, and events, will remain available on the Paytm app during a transition period of up to 12 months, it said.
“One 97 Communications Limited (OCL)…today announced, that it has entered into definitive agreements for the sale of its entertainment ticketing business that includes movies, sports and events (live performances) ticketing to Zomato Limited,” the company said.