Paytm share price jumps over 5%, Zomato up 2% on ticketing business deal

Paytm share price gained more than 5% after the fintech giant announced that it is selling its entertainment and ticketing business to food delivery app Zomato for ₹2,048 crore. Paytm shares jumped to ₹604.45 while Zomato gained 2.71% to reach ₹267.00 apiece on the BSE. As per the agreement, One 97 Communications, parent company of Paytm, entered into definitive agreements for the sale of its entertainment ticketing business that includes movies, sports and events ticketing to Zomato for ₹2,048 crore.