Zomato Block Deal: Read Zomato shares market update as its shares surge by 5% following a block deal of 3.2 crore shares changing hands. Discover key points that are essential for investors at news18.com
Goyal's note, which was published on the food delivery major's Slack channel, further underscored a new structure for the organisation, all organised in order of size and impact of business.
Shares of online food delivery firm Zomato have plunged 14 per cent in the last two sessions after the firm said it would buy local grocery-delivery startup Blinkit for Rs 4,447 crore ($568.16 million) in an all-stock deal. Shares of Zomato hit an intraday low of Rs 60.45, down 8.2 per cent today against the previous close of Rs 65.85 on BSE. With today's slide, the stock has lost Rs 9.9 or 14.07 per cent in the last two sessions.