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How will Zomato's stock react by September 30, 2024, to the acquisition of Paytm's ticketing business?
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Resolution / Starting Odds
Zomato's stock decreases by more than 5% • 25%
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BSE or NSE stock market data
Story
Zomato to Acquire Paytm's Ticketing Business for ₹2,048 Crore, $244 Million
Aug 21, 2024, 03:24 PM
Zomato has entered into a share purchase and subscription agreement with One 97 Communications, Wasteland Entertainment, and Orbgen Technologies to acquire Paytm's entertainment ticketing business for ₹2,048 crore, as noted in a BSE filing. This acquisition will see Zomato take ownership of Paytm Insider, enhancing its presence in the events sector. The deal is valued at approximately $244 million and reflects Paytm's strategic shift towards focusing on its core payments and financial services distribution.
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