Paytm stocks rise over 2% after selling entertainment ticketing business to Zomato
The Hindu
Paytm's owner One97 Communications rises 2% after selling entertainment ticketing business to Zomato for ₹2,048 crore.
Shares of Paytm's owner One97 Communications rose a little over 2% in the morning trade on Thursday (August 22, 2024) after the fintech company said it will sell its entertainment ticketing business to Zomato for ₹2,048 crore.
The stock of the company climbed 2.09%t to trade at ₹585.05 apiece on the BSE.
On the NSE, it went up 1.82% to ₹584.50 per scrip. In the intraday trade, shares of the Noida-based fintech company advanced more than 5% to ₹604.70 and 604.45 apiece on the NSE and BSE, respectively.
Meanwhile, shares of Zomato are trading almost flat at ₹260.30 and 260 per share on the bourses.
In the morning trade, the 30-share BSE Sensex jumped 166.24 points or 0.21% to 81,071.54, while NSE Nifty advanced 46.25 points to 24,816.45.
On Wednesday (August 21, 2024), One97 Communications said it would sell its entertainment ticketing business to Zomato for ₹2,048 crore.
Entertainment ticketing business, including movies, sports, and events, will be available on the Paytm app during a transition period of up to 12 months, it said.
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