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Zomato shares tumble after it announces Blinkit acquisition

Shares of food aggregator Zomato tumbled sharply on Monday after the company Board of Directors approved a proposal to acquire a cash-strapped quick commerce

New delhiPunit patniGrofers india privateZomato ltdEquity research analystNational stock exchangeGrofers india private limitedSwastika investmartEconomics newsThe quickPer centLast yearCurrent market

Zomato Shares Tumble Over 6% After Blinkit Acquisition

Shares of food aggregator Zomato tumbled sharply on Monday after the company's Board of Directors approved a proposal to acquire a cash-strapped quick commerce company Blinkit for Rs 4,447 crore.

Punit patniGrofers india privateZomato ltdEquity research analystNational stock exchangeZomato shares tumble overAfter blinkit acquisitionGrofers india private limitedSwastika investmartZomato sharesZomato newsZomato share priceZomato blinkitZomato blinkit news

Nifty ends above 15,800, Sensex gains 433 pts

The Sensex gained 457 points, or 0.82%, to close at 53,161.28, while Nifty50 jumped 132.80 points to end at 15,832.05.

Bharti airtelLarsen toubroVinod nairHead of research at geojit financial servicesGrofers india privateIndusind bankTitan companyKotak mahindra bankTata steelReliance industriesTech mahindraAsian paintsUltratech cementGeojit financialGrofers india private limited

Zomato Board Approves Acquisition Of Blinkit For INR 4,447 Cr

Zomato will acquire Blinkit in an all-stock deal and the transaction is expected to close in early August this year

Deepinder goyalGrofers india privateHands on trades privateTrades private limitedZomato hyperpureGrofers india private limited

Zomato to acquire quick commerce company Blinkit for Rs 4,447 crore

The Board of Directors of food delivery company Zomato Limited on Friday approved a proposal to acquire cash-strapped quick commerce company Blinkit for Rs 4,44

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