On June 18, Paytm’s (One 97 Communications) share price surged by up to 4 percent, reaching Rs 442, following news that the company is in discussions with Zomato to sell its movie ticketing business. Meanwhile, Zomato’s share price increased by 1 percent, surpassing Rs 188.
Both companies confirmed the talks in separate stock exchange filings but did not reveal valuation specifics. According to unconfirmed reports, the deal could be valued between Rs 1,500-2,000 crore.
