MoneyWorks4Me

Zomato gets nod to acquire stake in Blink Commerce

25 Jun 2022 Evaluate

Zomato has received approval from board of directors for acquisition of up to 33,018 equity shares of Blink Commerce from its shareholders for a total purchase consideration of Rs 4447.48 crore at a price of Rs 13.45 lakh per equity share. The company's board at a meeting held on June 24, 2022 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.

Peers
Company Name CMP
Eternal 320.45
Swiggy 228.80
Meesho 229.45
FSN E-Comm. Ventur. 337.00
Brainbees Solutions 174.40
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