Zomato
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SoftBank Vision Fund 2 to divest 1.1% stake in Zomato for ₹1,023.6 crore
The deal is valued at approximately ₹1,023.6 crore, marking a notable shift in the fund’s investment strategy.
Softbank to sell 1.17% stake in Zomato through Rs. 940 crore Block Deal
SoftBank Vision Fund (SVF Global) is in the process of selling a 1.17 percent stake which it holds in food delivery giant Zomato for Rs 940 crore through a block deal.
Zomato shares reaches 52-week high after reporting net profit for the first time
Zomato shares were offered on the stock exchanges in July 2021 for 115.00 against a 76.00 issue price.
Zomato stops accepting new users temporarily on its UPI platform to include feedback
In May of this year, Zomato announced the introduction of its own Zomato UPI service in collaboration with ICICI Bank, ready to compete with Google Pay and PhonePe.
Zomato CEO Deepinder Goyal confident in aiming for profitability for the next 4 quarters
Zomato reports trimmed losses, aims for profitability within four quarters, and achieves a 70% YoY increase in revenue.
Eateries will protest Zomato’s decision to hike commissions
As it strives to enhance take-rates and improve profitability in a low-growth environment, the meal delivery firm has lately begun to renegotiate its contracts with several eateries across cities.
Stocks to watch: LIC, Adani Group, Zomato, M&M, IRCTC and others
M&M, ABB India, AstraZeneca India, BHEL, Delhivery, and Dish TV India are among the companies represented. JK Lakshmi Cement, Inox Wind, and Inox Green will be among the companies to watch today when they report December quarter earnings.
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