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Zomato rejects EY's new valuation that lowers its share price for Blinkit deal
August 06, 2022
|Financial Express Mumbai
FOOD TECH PLATFORM Zomato said on Friday that the company has decided to go with the original valuation report of EY on Blinkit, which stands in absolute and complete compliance with all provisions of applicable laws, even as EY had come up with another report on the same that suggested a reduced share price for acquiring quick commerce firm Blinkit.
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"The original report is in absolute and complete compliance with all provisions of applicable laws, including Clause 12 (1) (c) of the Articles of Association (AOA) of the Company, the Companies Act, 2013, relevant rules made thereunder and SEBI (ICDR) Regulations, 2018," Zomato said in a filing to the stock exchanges.
هذه القصة من طبعة August 06, 2022 من Financial Express Mumbai.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Financial Express Mumbai
Financial Express Mumbai
Nvidia invests $5 billion in Intel, plans to co-design chips
NVIDIAAGREED TO invest $5 billion in Intel and said the two will co-develop chips for PCs and data centers, a surprise move to help prop up an ailing archrival that sent Intel shares soaring.
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Maruti cuts prices, makes S-Presso the cheapest car
REDUCTION ACROSS MODELS OVER & ABOVE GST BENEFITS
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GST cuts to cover a third of monthly consumption spend
THE REDUCTION IN GST rates will cover 11 ofthe top 30 consumption items and a third ofanaverage consumer's monthly expenditure, as pera Crisil report.
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SMBC completes Yes Bank stake buy
SUMITOMO MITSUI BANKING Corporation (SMBC) has completed the acquisition of a 20% stake in Yes Bank through secondary purchase of shares from State Bank of India and other banks, the private lender said on Thursday.
1 min
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871,700 FAMILIES HAVE $1 MN OR MORE: REPORT Millionaire households jump 90% in four years
INDIAHAS 871,700 millionaire households with a net worth of %8.5 crore ($1 million) orabove, up 90% from 458,000 in 2021, according to the Mercedes-Benz Hurun India Wealth Report 2025.The surge reflects India’s rapidly expanding affluent base, driven by strong equity markets, entrepreneurship, and urban economic growth, said the report.
1 mins
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Starmer, Trump hail their close ties; skirt issues
US PRESIDENT DONALD Trump and British Prime Minister Keir Starmer hailed the renewal of their nations'“special relationship\" on Thursday, drawing the US leader's unprecedented second state visit to a close with a show of unity after avoiding possible pitfalls.
1 mins
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Financial Express Mumbai
Private users may withdraw 80% of NPS corpus
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1 min
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NaBFID launches facility for partial credit enhancement
THE NATIONAL BANK for Financing Infrastructure and Development (NaBFID) on Thursday launched a partial credit enhancement (PCE) product to improve long-term capital access for infrastructure projects.
2 mins
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'NaBFID 1s targeting a ¢51-cr book by FY30'
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