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Zomato gets nod to acquire stake in Samast Technologies, Bigfoot Retail Solution, Curefit

11 Nov 2021 Evaluate

Zomato has received approval from board of director for acquisition by way of subscription of 55,514 compulsorily convertible preference shares aggregating to 16.1% of the share capital of Samast Technologies, for an aggregate cash consideration of Rs 371.35 crore and for acquisition of 1,53,914 compulsorily convertible preference shares and 9,824 equity shares collectively aggregating to 7.89% of the share capital of Bigfoot Retail Solution, for an aggregate cash consideration of Rs 557.18 crore.

Further, the Board also considered and & granted approval for acquisition of 6.4% of the share capital of Curefit Healthcare (Curefit) for an aggregate cash consideration of around $ 100 million. The board of directors at its meeting held on November 10, 2021 has approved the same.

Zomato is an Indian multinational restaurant aggregator and food delivery company founded by Pankaj Chaddah and Deepinder Goyal in 2008. It provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities.

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