Zomato and Paytm Share Price: Shares of Zomato rose 2.8% to an intraday high of Rs 267 from its previous close of Rs 260.03. The surge in stock price came a day after its board acquired Paytm’s entertainment ticketing business. 

The food-delivery company has proposed to acquire the ticketing business for a value of Rs 2,048 crore. However, the ticketing business will continue to run on the Paytm app for a period of 12 months for a smooth transaction, said Zomato in an exchange filing. 

“As part of the transaction, 280 employees will move to Zomato. There is no other major physical infrastructure being acquired,” said the company.