Asia Tech Wire (June 17) -- Indian payments company Paytm is in talks to sell its movie ticketing business, according to Bloomberg.

Paytm is in talks with Zomato, India's online food delivery company, to sell its movie and event ticketing business to ease downward pressure on earnings, the report said, citing people familiar with the matter.

The deal could value Paytm's vertical at between Rs 1,600 crore and Rs 1,750 crore.

With the addition of receivables from movie exhibitors, the valuation could be as high as Rs 2,000 crore, the people added.