The deal, valued at Rs 2,048 crores on a cash-free, debt-free basis, stands "as a testament to the value" Paytm has created through its entertainment ticketing business, bringing choice and convenience to millions of Indians with its services and scale, the company says
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As per media reports, One97 Communications, Paytm's parent company, stated that these services will remain accessible on the Paytm app for up to 12 months during the transition period
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