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

Paytm share price rallied over 5% after the fintech giant announced to sell its entertainment and ticketing business to food delivery app Zomato for ₹2,048 crore. Paytm shares jumped as much as 5.47% to ₹604.45, while Zomato shares also gained 2.71% to reach ₹267.00 apiece on the BSE.

One 97 Communications, the parent company of fintech giant 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.