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Zomato informs about disclosure
Date: 28-01-2022Zomato has informed that the board of directors of Zomato (the Board and the Company, respectively) at its meeting held on January 27, 2022 approved the investments by the Company in the following Indian companies (Proposed Investments) as per particulars provided below: Acquisition by way of subscription of 11,214 (Eleven Thousand Two Hundred Fourteen) compulsorily convertible preference shares and 10 (Ten) equity shares collectively aggregating to 19.48% of the share capital of Adonmo, for an aggregate cash consideration of Rs 112,20,85,728 (Indian Rupees One Hundred and Twelve Crore Twenty Lakh Eighty Five Thousand Seven Hundred Twenty Eight Only). Further details enclosed.
The above information is a part of company’s filings submitted to BSE.