Shares of Zomato hit 52-week high of Rs 105 on September 18 after rising nearly 2 percent in trading on the NSE. However, the stock ended 0.87 percent lower to Rs 102.05 apiece against its previous close. This gain was attributed to investors’ growing confidence in the company, driven by Zomato demonstrating visibility in revenue …
Fees for using a service – whether a convenience, platform or order fulfillment fee – are now becoming the norm as companies claim the service helps them pay their bills. While fees are a relatively new concept for businesses, e-commerce companies and service providers like BookMyShow were among the first to introduce additional fees per …
Japanese investor SoftBank, which posted a profit of more than Rs 100 billion after divesting part of its stake in food delivery platform Zomato this week, is looking to exit the business entirely through open market transactions in the coming months, people familiar with the matter said. . The August 30 Zomato block deal is …
SoftBank may exit Zomato fully after selling 1.17% in block deal Read More »
Zomato’s shares opened 5% higher on August 30 after a 1.17% blockade agreement was made on the exchange. About 10 crores of shares, or 1.17% of the shares, changed hands with an average floor price of Rs 94.70 per share. The total value of the transaction is approximately Rs 947 crore. As of 9:48 a.m., …
Zomato block deal: 1.17% stake sold for Rs 947 crore, SoftBank likely seller Read More »
Zomato’s share price opened 5% higher on August 28 after 184 million shares, representing a 2.14% stake, changed hands in a block deal. While the buyer and seller were not immediately known, sources told Moneycontrol that Softbank will likely sell its shares as a lock-in period to investors once the Blinkit deal closes on Tuesday. …
Zomato sees 2% stake change hands in block deal, Softbank likely seller Read More »
Zomato Ltd shares have seen a wave of bullish targets among several brokerages after the company turned a profit for the first time, although many brokers kept their ratings on the stock. . Motilal Oswal Securities expects the stock to target at Rs 110 per share, up 28% from the current market price, JM Financial …
As Zomato turns profitable, brokerages rush to raise their target prices Read More »
Zomato Limited jumped 1.12% in morning trading 24/7 after the food delivery platform announced it had begun the process of liquidating its Portugal-based subsidiary. Zomato Media Portugal is not a significant subsidiary and its liquidation will not affect Zomato Limited’s revenue or income, the food aggregator said in an after-hours filing on July 21. The …
Zomato gains after it initiates liquidation of Portugal-based subsidiary Read More »
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