Paytm sells ticket business including movies, sports and events to Zomato for Rs 2,048 crore

One 97 Communications Ltd (OCL), the parent of Paytm, is selling its entertainment ticketing business — that includes movies, sports and events (live performances) — to Zomato Ltd for ₹2,048 crore.

In a late evening regulatory filing on Wednesday, OCL said it will first transfer the entertainment ticketing business to its wholly owned subsidiaries, Orbgen Technologies Pvt Limited and Wasteland Entertainment Pvt Ltd.