Zomato Shares Rally 2.7% On Ticketing Biz Deal

SUMMARY

Shares of foodtech giant Zomato rose 2.7% to touch INR 267 on BSE during early trading hours on Thursday (August 22)

The surge in stock price came a day after Paytm signed a definitive agreement to sell its entertainment ticketing business to the foodtech major

Zomato said that the acquisition is part of its larger strategy to scale up the “going-out business”

Shares of foodtech giant Zomato jumped 2.7% to touch INR 267 on BSE during early trading hours today (August 22), compared to its previous close at INR 259.95.

However, later the stocks shed some gains and were trading at INR 259.15 at 11:56 AM.

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.