Zomato is mulling potential acquisition transaction. In this regard, the company's board will meet on June 24, 2022 to consider the same. The consideration for the acquisition may be discharged through issuance of equity shares of the Company by way of a preferential issue.
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.
