Zomato completes acquisition of stake in Adonmo, UrbanPiper Technology

01 Feb 2022 Evaluate

Zomato has completed the acquisitions of 19.48% stake in Adonmo by way of subscription of 11,214 compulsorily convertible preference shares and 10 equity shares, for an aggregate cash consideration of around Rs 112.21 crore and also completed the acquisition of 5% stake in UrbanPiper Technology by way of subscription of 1,259 compulsorily convertible preference shares and 1 equity shares, for an aggregate cash consideration of around Rs 37.39 crore.

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.

Zomato Share Price

277.10 -4.75 (-1.69%)
23-Dec-2024 09:57 View Price Chart
Peers
Company Name CMP
Zomato 277.10
FSN E-Commerce 165.30
Swiggy 589.10
Brainbees Solutions 609.70
Indiamart Intermesh 2248.05
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