Here’s a quick look at stocks likely to be in focus in today’s trade. Zomato and One 97 Communications: Zomato has made a significant leap into the entertainment sector by acquiring Paytm’s ticketing business for ₹2,048.4 crore ($244 million). This acquisition includes Paytm’s ‘TicketNew’ and ‘Insider’ platforms, which focus on movie and live event ticketing, …
One 97 Communications Ltd, the parent company of digital-first payments giant Paytm, announced on Wednesday, August 21, that it would conduct its 24th annual general meeting (AGM) on September 12, 2024, through video conferencing. The upcoming AGM’s agenda includes considering and adopting Paytm’s audited standalone and consolidated financial statements for FY24, and reports of the …
Zomato’s board of directors on Wednesday approved a share purchase and subscription agreement with Paytm operator One 97 Communications, Wasteland Entertainment Private Limited (WEPL) and Orbgen Technologies Private Limited (OTPL) to acquire their entertainment ticketing business. Under the agreement, One 97 Communications will transfer its movie ticketing business, and sports and events ticketing business to …
One 97 Communications is resigned to losing its associate, Paytm Payments Bank, the entity at the centre of the crisis surrounding the fintech. However, it feels that if there is even a slight chance of its survival through an acquisition, then it is ready to take it. Sources said that the outlook for the bank …
The owner of fintech firm Paytm, One 97 Communications Limited, on Friday announced the formation of an advisory committee chaired by former Securities and Exchange Board of India (SEBI) chairman M Damodaran. The committee will work closely with the Board of Directors to further strengthen compliance and regulatory matters. The three-member committee includes former president …
Paytm share price today: The roller-coaster journey of One 97 Communications, the parent company of Paytm, continued as its shares surged up to 9% to reach Rs 495.75 on the BSE. This increase followed meetings between company CEO Vijay Shekhar Sharma and officials from the RBI and Finance Minister Nirmala Sitharaman.At 10:58 AM, shares of …
Jio Financial Services (JFS) share price spiked over 15% to a record high on Monday amid a media report suggesting that the company was among the forerunners to acquire Paytm’s wallet business. Jio Finance shares jumped as much as 16.25% to a new high of ₹295.00 apiece on the BSE. Meanwhile, Paytm shares remained locked …