Zomato to buy Paytm’s entertainment and events ticketing business for Rs 2048.4 crore

Zomato on Wednesday announced that the company board has approved the acquisition of One 97 Communications Limited (OCL)’s entertainment ticketing business (Paytm Insider) for Rs 2048.4 crore in cash consideration.

In a regulatory filing, Zomato said the board of directors has given an approval to enter into a Share Purchase and Subscription Agreement (SPSA) with One 97 Communications Limited (OCL), Wasteland Entertainment Private Limited (WEPL), and Orbgen Technologies Private Limited (OTPL) to acquire the entertainment ticketing business.