The leisure ticketing companies, together with films, sports activities, and occasions, will stay accessible on the Paytm app throughout a transition interval of as much as 12 months.
“One 97 Communications Restricted (OCL)…immediately introduced, that it has entered into definitive agreements for the sale of its leisure ticketing enterprise that features films, sports activities and occasions (dwell performances) ticketing to Zomato Restricted,” the corporate mentioned.
The transaction, amounting to Rs 2,048 crore, highlights the numerous value Paytm has generated by way of its leisure ticketing division and delivered worth to numerous customers throughout India by providing a variety of choices and accessibility by way of its companies and in depth attain, the corporate added.
Paytm spokesperson mentioned, “We constructed the leisure ticketing enterprise by addressing the market wants of the time. Right now, because it transitions to Zomato possession, we thank each workforce member who contributed to constructing this enterprise. It has been a privilege to develop this enterprise with an unimaginable workforce. This transfer permits us to proceed specializing in long-term development in our core areas and worth creation for all stakeholders.”
(With enter from companies)
