CURRENT AFFAIRS

Detailed explanation-1: -Zomato had announced the deal in June after its board approved the Rs 4,447 crore transaction to acquire Blinkit. The ancillary business was bought for Rs 61 crore.

Detailed explanation-2: -Zomato had acquired a 10% stake in company the year prior. Following numerous discussions on 24 June 2022, Zomato announced its acquisition of Blinkit for US$568 million in an all-stock deal. The acquisition was completed on August 10, 2022.

Detailed explanation-3: -Zomato has allotted 62,85,30,012 fully paid-up equity shares of the Company to acquire 33,018 equity shares of Blink Commerce India (BCPL) for a total purchase consideration of Rs 4447,47,84,078.

Detailed explanation-4: -In a disclosure to BSE on Thursday, Zomato notified the exchange that the acquisition of the ancillary business, as well as Blinkit (formerly Grofers), was complete. Zomato acquired Blinkit in an all-stock deal for Rs 4,447 crore. About 97% of shareholders voted in favour of the deal on July 27.

Detailed explanation-5: -The board of food delivery company Zomato on June 24 approved the acquisition of quick commerce company Blinkit for Rs 4,447 crore in an all-stock deal.