Eternal Ltd.

BSE: 543320 | NSE: ETERNAL
Large Cap | e-Commerce
285.30
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Zomato acquires entire stake in Blink Commerce India

Date: 11-08-2022

Zomato has completed acquisition of 100% shareholding in Blink Commerce India (BCPL) from its shareholders. Accordingly, BCPL became a wholly owned subsidiary of the Company with immediate effect i.e. from August 10, 2022. The board of directors of the company has approved allotment of 62,85,30,012 fully paid-up equity shares of the Company to acquire 33,018 equity shares of BCPL for a total purchase consideration of Rs 4447,47,84,078.

Besides, Zomato’s material subsidiary -- Zomato Hyperpure has acquired the warehousing and ancillary services business of Hands On Trades.

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.