Paytm Shares Jump Over 5% To Touch Intraday High Post Ticketing Business Deal

Paytm Shares Jump Over 5% To Touch Intraday High Post Ticketing Business Deal

SUMMARY

However, the stocks pared some gains to trade at INR 576.8 per share at 11.30 AM, just marginally above the previous close at INR 573. 

On Wednesday (August 21), Paytm signed a definitive agreement to sell its entertainment ticketing business to Zomato for an INR 2,048 Cr all-cash deal. 

As a result, Zomato shares also gained 2.71% intraday to reach INR 267.00 apiece on the BSE

Shares of Paytm rallied 5.4% to touch an intraday high of INR 604 apiece on the BSE today (August 22) a day after the fintech giant announced to sell its entertainment ticketing business to foodtech major Zomato for INR 2,048 Cr.

However, the stocks pared some gains to trade at INR 576.8 per share at 11.30 AM, just marginally above the previous close at INR 573. 

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