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Zomato Infuses INR 500 Cr Into Blinkit

Summary by Inc42 Media
Listed foodtech major Zomato has infused around INR 500 Cr (about $57.7 Mn) in its quick commerce arm Blinkit.  As per Blinkit’s regulatory filings, it allotted 2,537 equity shares at an issue price of INR 19.7 Lakh (19,70,181) each to raise INR 499.83 Cr from Zomato.  “… pursuant to the resolution passed by the board of directors in its meeting held on January 6, the company has allotted 2,537 equity shares on the right issue basis,” the filing…
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