Zomato has received approval from board of directors for acquisition by way of subscription of 11,214 compulsorily convertible preference shares and 10 equity shares collectively aggregating to 19.48% of the share capital of Adonmo, for an aggregate cash consideration of around Rs 112.21 crore. The company has also received approval for acquisition by way of subscription of 1,259 compulsorily convertible preference shares and 1 equity shares collectively aggregating to 5% of the share capital of UrbanPiper Technology, for an aggregate cash consideration of around Rs 37.39 crore.
Pursuant to the approval of the Board, the Company has finalized and executed the relevant agreements for the Proposed Investments. The board of directors at its meeting held on January 27, 2022 approved the same.
Zomato is an Indian multinational restaurant aggregator and food delivery company founded by Pankaj Chaddah and Deepinder Goyal in 2008. It provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities.
Company Name | CMP |
---|---|
Zomato | 279.20 |
FSN E-Commerce | 165.40 |
Swiggy | 594.75 |
Brainbees Solutions | 612.65 |
Indiamart Intermesh | 2269.35 |
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