Page 24 - Zomato

Alipay sells entire 3.44% stake in Zomato, Axis MF unveils new fund scheme

WhiteOak Capital Mutual Fund on Wednesday anno­unced the launch of new fund offer (NFO) - Large & Mid Cap Fund, an open-en­ded equity scheme investing in both largecap and midcap stocks

Vanguard to Goldman Sachs, global firms rush to buy Alipay's Zomato stakes

Shares of Zomato have nearly doubled this year as the company started to turn a profit after going public in 2021, prompting some of its biggest investors to lock in gains on their investments

Sensex soars 728 pts, Nifty ends above 20K after over 2 mths in broad rally

Closing Bell on Wednesday, November 29, 2023: Among sectors, the Nifty bank, Auto, Financial Services, IT, PSU bank, and Private Bank indices ended higher in the range of 1 per cent to 1.5 per cent

Swiggy's food delivery business grew 17% to $1.43 bn in H1 FY24: Prosus

Online aggregator's operating metrics improved and loss reduced, says investor

China's Alipay sells stake in Zomato for nearly $400 million: Term sheet

The deal comes after Reuters reported on Tuesday that Alipay was planning to sell its 3.4% in Zomato through block deals on the Indian stock exchanges

Zomato zooms 4% after over 300 mn shares change hands in block deals

According to a Reuters report, Alipay Singapore Holding has sold its entire 3.44 per cent stake in the company for $400 million

Stocks to Watch today: IREDA, Zomato, Siemens, PCBL, Aster DM, IOC, IT

Stocks to watch on Wednesday, November 29, 2023: IREDA is likely to debut on a strong note on the bourses today following the robust response received to its recently concluded IPO.

China's Alipay plans to sell 3.4% stake worth near $400 mn in Zomato

Bank of America and Morgan Stanley are advisers on the deal, which is likely to be executed later this week on Indian exchanges, said the three sources, who declined to be named as the plan is private

Zomato, Swiggy get notice for Rs 750 crore in unpaid taxes from DGGI

DGGI believes that since delivery is a service, Zomato & Swiggy are liable to pay GST on service

CWC 2023 final: SRK, Tharoor, others come out in support after India's loss

Shahrukh Khan was also among the admirers who attended the game on Sunday. Khan posted on X, 'The way the Indian team has played this whole tournament is a matter of honour'

Zomato, Paytm: Analysts bet on new-age stocks amid improving profitability

That apart, analysts believe stable profit margins, too, are acting as tailwinds for the companies

Zomato hits 21-month high on strong Q2 results; zooms 139% since April

The stock has rallied 13 per cent in tpast two trading days after the company reported its second consecutive quarter of consolidated net profit

Stocks to Watch today: SBI, IndiGo, Titan, Zomato, RIL, BoI, BoB, Delhivery

Stocks to watch on Monday, November 06, 2023: Shares of PSU Banks are likely to hog the limelight following Q2 results announced by major banks over the weekend.

Why Zomato's side ventures may outshine its core food delivery business

According to Deepinder, in some of these cities, Blinkit's GOV, which is growing at more than 80 per cent, is already more than Zomato's

Zomato reports profit at Rs 36 cr in Q2, revenue up 71% to Rs 2,848 cr

Surges 18x sequentially in Q2; uptick in adoption of loyalty plan key driver

Zomato Q2FY24 result: Consolidated net profit at Rs 36 cr; revenue up 71%

Zomato Q2 result: The total income for Q2FY24 came in at Rs 3,060 crore, compared to Rs 1,831 crore year-on-year

Support to regulations difference between us and tech firms: Sameer Nigam

Nigam said that being an early mover in the adoption of the United Payments Interface also played in their favour

Softbank sells 1.09% stake in Zomato worth Rs 1,040 cr via open market

Japanese conglomerate Softbank on Friday divested a 1.09 per cent stake in online food delivery platform Zomato for Rs 1,040 crore through an open market transaction. Softbank through its affiliate SVF Growth (Singapore) Pte Ltd offloaded shares of Zomato on the National Stock Exchange (NSE). Bandhan Mutual Fund (MF), Motilal Oswal MF, Axis MF, Max Life Insurance Company, Abu Dhabi Investment Authority, Fidelity Investments, Goldman Sachs (Singapore), Societe Generale, and Morgan Stanley Asia Singapore, among others were the buyers of shares of Zomato. According to the block deal data available with the NSE, SVF Growth (Singapore) sold 9,35,69,368 shares, amounting to a 1.09 per cent stake in Zomato. The shares were disposed of at an average price of Rs 111.20 apiece, taking the transaction value to Rs 1,040.49 crore. After the transaction, Softbank's shareholding in Zomato declined to 1.08 per cent from 2.17 per cent stake. Shares of Zomato rose 1.84 per cent to close at Rs 113.

KFin Technologies Q2 profit up 28%; Softbank sells another 1.1% in Zomato

The financial services platform provides tech-driven solutions to the capital markets ecosystem including asset managers and corporate issuers

Stocks to Watch today: HUL, ITC, Zomato, Paytm, UltraTech, Dixon, MphasiS

Stocks to watch on Friday: Shares of ITC and Hindustan Unilever will react to Q2 results today; while the former posted 6 per cent growth in net, the latter's consolidated net was down on a YoY basis.