Zomato Shares Fall Over 6 Percent After It Announces Blinkit Acquisition

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.

Zomato Shares Fall Over 6 Percent After It Announces Blinkit Acquisition
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.