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SAM acts for Paytm in $40m buy of Chennai ticketing start-up TicketNew

“Paytm has acquired TicketNew — a Chennai-based online ticketing startup — in an all-stock deal to strengthen its entertainment ticketing business. Paytm Entertainment, run by the online payments major, has bought out the majority stake held by Alibaba Pictures — an arm of China’s internet behemoth Alibaba — valuing the company at around $30 million, TOI has learnt,” reported The Times of India.

Shardul Amarchand Mangaldas & Co advised One97 Communications Limited, which owns Paytm, led by a team of partner Raghubir Menon, partner Natashaa Shroff, senior associate Deepa Rekha, senior associate Karthika Menon, associate Pragya Seth, associate Garima Tyagi and, associate Alind Chopra.


Deal value: US$ 40 million

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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