Food aggregator platform Zomato's board approved the acquisition of quick-commerce company Blinkit for ₹4,447 crores (around $567 million) in an all-stock deal. Zomato will be acquiring 33,018 equity shares of Blink Commerce Pvt Ltd (BCPL).
This transaction will be carried out through issuance and allotment of up to 628.5 million fully paid-up equity shares of Zomato, having face value of ₹1 each at a price of ₹70.76 per equity share.
The transaction is expected to close in early August. The transaction is subject to shareholders and stock exchange nod.
Zomato already holds around 9 per cent stake in the acquired entity.
Zomato will also be paying ₹60.7 crore ($8 million) cash for acquisition of Hands on Trade Pvt Ltd (HOTPL) warehousing business.
هذه القصة مأخوذة من طبعة June 25, 2022 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة June 25, 2022 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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