Zomato has completed the acquisition of Orbgen Technologies (OTPL) and Wasteland Entertainment (WEPL) on August 27, 2024. Earlier, the company had entered into Share Purchase and Subscription Agreement (SPSA) with One 97 Communications (OCL), Wasteland Entertainment (WEPL), and Orbgen Technologies (OTPL) to inter-alia acquire the entertainment ticketing business of OCL, OTPL and WEPL.
Zomato has acquired the entire stake owned by OCL in OTPL and WEPL through a share purchase transaction, resulting in OTPL and WEPL becoming wholly owned subsidiaries of the Company.
Zomato is an Indian multinational restaurant aggregator and food delivery company which provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities.
