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Zomato shares tumble after it announces Blinkit acquisition
Updated : 3 years, 8 months ago IST
New Delhi [India], June 27 (ANI): 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.
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Zomato to acquire quick commerce company Blinkit for Rs 4,447 crore
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 24 (ANI): 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 4,447 crore. It will be an all-stock deal.
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