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India s Zomato and Blinkit reach merger agreement: Report

Zomato in August acquired a more than 9% stake in SoftBank-backed Blinkit for nearly $68 million.

Zomato stock rises over 4% after firm buys stake in Mukunda Foods

Shares of food delivery firm Zomato rose over 4% in early trade today after the company said it would acquire 16.66 percent stake in Mukunda Foods Private Ltd, a food robotics company, for cash consideration of $5 million. Zomato stock gained 4.37% to Rs 79.95 against the previous close of Rs 76.60 on BSE. The stock has gained after three days of consecutive fall. Later, it fell to its 52-week low of Rs 75.55 on BSE.

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