Zomato Blink Deal: Zomato to buy Blink Commerce, deal settled for Rs 4,447 crore


News Desk, AnyTV, New Delhi

Published by: Amit Mandal
Updated Fri, 24 Jun 2022 08:39 PM IST

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Online food delivery platform Zomato Ltd on Friday said it will buy Blink Commerce Pvt Ltd (earlier known as Grofers India Pvt Ltd) in a share swap deal for a total of Rs 4,447.48 crore. The board of the company in its meeting held on Friday has approved the acquisition of 33,018 equity shares of Blink Commerce Pvt Ltd.

The transaction will be done through issuance and allotment of 62.85 crore fully paid-up equity shares of Zomato, each with a face value of Rs 70.76 per equity share. The filing said the company already holds 1 equity share and 3,248 preference shares in BCPL. Zomato said that this acquisition is in line with our strategy to invest in the Quick Commerce business. Blink Commerce Pvt Ltd runs an online instant commerce service under the brand Blinkit.

Expansion

Online food delivery platform Zomato Ltd on Friday said it will buy Blink Commerce Pvt Ltd (earlier known as Grofers India Pvt Ltd) in a share swap deal for a total of Rs 4,447.48 crore. The board of the company in its meeting held on Friday has approved the acquisition of 33,018 equity shares of Blink Commerce Pvt Ltd.

The transaction will be done through issuance and allotment of 62.85 crore fully paid-up equity shares of Zomato, each with a face value of Rs 70.76 per equity share. The filing said the company already holds 1 equity share and 3,248 preference shares in BCPL. Zomato said that this acquisition is in line with our strategy to invest in the Quick Commerce business. Blink Commerce Pvt Ltd runs an online instant commerce service under the brand Blinkit.


News Desk, AnyTV, New Delhi

Published by: Amit Mandal
Updated Fri, 24 Jun 2022 08:39 PM IST

hear the news

hear the news

Online food delivery platform Zomato Ltd on Friday said it will buy Blink Commerce Pvt Ltd (earlier known as Grofers India Pvt Ltd) in a share swap deal for a total of Rs 4,447.48 crore. The board of the company in its meeting held on Friday has approved the acquisition of 33,018 equity shares of Blink Commerce Pvt Ltd.

The transaction will be done through issuance and allotment of 62.85 crore fully paid-up equity shares of Zomato, each with a face value of Rs 70.76 per equity share. The filing said the company already holds 1 equity share and 3,248 preference shares in BCPL. Zomato said that this acquisition is in line with our strategy to invest in the Quick Commerce business. Blink Commerce Pvt Ltd runs an online instant commerce service under the brand Blinkit.

Expansion

Online food delivery platform Zomato Ltd on Friday said it will buy Blink Commerce Pvt Ltd (earlier known as Grofers India Pvt Ltd) in a share swap deal for a total of Rs 4,447.48 crore. The board of the company in its meeting held on Friday has approved the acquisition of 33,018 equity shares of Blink Commerce Pvt Ltd.

The transaction will be done through issuance and allotment of 62.85 crore fully paid-up equity shares of Zomato, each with a face value of Rs 70.76 per equity share. The filing said the company already holds 1 equity share and 3,248 preference shares in BCPL. Zomato said that this acquisition is in line with our strategy to invest in the Quick Commerce business. Blink Commerce Pvt Ltd runs an online instant commerce service under the brand Blinkit.

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