{"id":338123,"date":"2022-06-24T08:42:36","date_gmt":"2022-06-24T14:12:36","guid":{"rendered":"http:\/\/tehelka.com\/?p=338123"},"modified":"2022-06-24T08:42:36","modified_gmt":"2022-06-24T14:12:36","slug":"zomato-to-acquire-blink-commerce-in-rs-4447-cr-deal","status":"publish","type":"post","link":"https:\/\/tehelka.com\/zomato-to-acquire-blink-commerce-in-rs-4447-cr-deal\/","title":{"rendered":"Zomato to acquire Blink Commerce in Rs 4447 Cr deal"},"content":{"rendered":"<p>Online food delivery platform Zomato Ltd on Friday said it will acquire Blink Commerce Pvt Ltd (formerly known as Grofers India Pvt Ltd) for a total purchase consideration of Rs 4,447.48 crore in a share swap deal.<\/p>\n<p>The company&#8217;s board at a meeting held on Friday has approved acquisition of up to 33,018 equity shares of Blink Commerce Pvt Ltd from its shareholders for a total purchase consideration of Rs 4,447.48 crore at a price of Rs 13.45 lakh per equity share, Zomato said in a regulatory filing.<\/p>\n<p>This transaction will be carried out through issuance and allotment of up to 62.85 crore fully paid-up equity shares of Zomato, having face value of Re 1 each at a price of Rs 70.76 per equity share, it added.<\/p>\n<p>The company already holds 1 equity share and 3,248 preference shares presently in BCPL, the filing said.<\/p>\n<p>&#8220;This acquisition is in line with our strategy of investing in the quick commerce business,&#8221; Zomato said.<\/p>\n<p>Blink Commerce Pvt Ltd runs the online quick commerce service under the Blinkit brand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Online food delivery platform Zomato Ltd on Friday said it will acquire Blink Commerce Pvt Ltd (formerly known as Grofers India Pvt Ltd) for a total purchase consideration of Rs 4,447.48 crore in a share swap deal. The company&#8217;s board at a meeting held on Friday has approved acquisition of up to 33,018 equity shares [&hellip;]<\/p>\n","protected":false},"author":59,"featured_media":338124,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/338123"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=338123"}],"version-history":[{"count":1,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/338123\/revisions"}],"predecessor-version":[{"id":338125,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/338123\/revisions\/338125"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/338124"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=338123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=338123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=338123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}