New Delhi, Jun 16 (PTI) Online food delivery platform Zomato said on Sunday that it is in talks with Paytm to acquire the financial technology company's movies and events business.

In a regulatory filing, Zomato said while it is in discussions with Paytm, no binding decision has been taken yet.

Also Read | PF Withdrawal Rule Changed: EPFO Ends Non-Refundable COVID-19 Advance Facility With Immediate Effect, Know Why.

"We acknowledge that we are in discussions with Paytm for the aforementioned transaction, however, no binding decision has been taken at this stage that would warrant a board approval and subsequent disclosure in accordance with applicable law," Zomato said.

The company's filing was clarifying on reports that it was in talks to acquire Paytm's movies and ticketing business.

Also Read | Stock Market Holiday on Bakrid 2024: BSE, NSE To Remain Closed on June 17 for Eid Ul Azha Festival; Know When Trading Will Resume.

"The above discussion is being undertaken with an intent to further strengthen our going-out business and is in line with our stated position of focusing only on our four key businesses currently," it said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)