Talwar Thakore & Associates has advised India’s Zomato on its 20 million rupees ($244.2 million) acquisition of the movie and events ticketing businesses of digital payments firm Paytm, owned by One97 Communications, which was represented by Luthra and Luthra Law Offices.
The acquisition bolsters Zomato's presence in India's online ticketing market for movies and live events, currently dominated by Reliance-backed BookMyShow, Reuters reported.
Paytm, which has been BookMyShow's closest competitor since 2017, will now hand over its market share to Zomato by selling its 'ticketnew' platform, which sells movie tickets, as well as its 'Insider' platform, which handles tickets to live events.
The TT&A transaction team was led by joint managing partner Gautam Saha, and included partners Harshit Chandra and Shivranjani Ralawata, managing associates Pooja Menon, Ambika Sahai and Utsav Agarwal, senior associate Tanya Maithani, and associates Divya Kumar, Prakhar Srivastava, Radhika Sarda and Prerna Raturi.
Luthra’s team was led by partner Nishant Singh and consisted of managing associates Nikhil Bhat and Saksham Madan, senior associate Manushi Shah and associates Maitri Meghani, Aashi Shah, Aditi Nagpal, Patti Charith Reddy, Silpi Jain, Aryaa Padhye, Aryaman Sharma, Govind Warrier, Rahul Lal, Somanshu Shukla and Shivangi Paliwal.
