Paytm to sell ticketing business to Zomato for Rs 2,048 crore

Bengaluru: One 97 Communications Limited (OCL), parent company of payments and financial services distribution company Paytm, announced on Wednesday 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. This deal is valued at Rs 2,048 crore on a cash-free, debt-free basis.