Page 26 - Zomato

68 companies blaze a trail, capturing 56% of India's market; PSUs take lead

FORTUNE'S FAVOURED FEW: Sixty-eight companies blaze a trail, capturing 56% of India's market; PSUs take the lead

Street Signs: Zomato's share snapback, DOMS soars at 60%, and more

The stock performance of restaurant aggregator and food delivery platform Zomato could improve following the removal of the share sale overhang

Alipay Singapore Holding to sell 3.44% stake in Zomato on Wednesday

Alipay's sister concern Antfin Singapore Holding held another 6.39 per cent stake in Zomato at the end of the September 2023 quarter

Japan's Softbank pares 1.1% stake in Zomato worth Rs 1,128 crore

Japanese conglomerate Softbank on Friday divested a 1.1 per cent stake in online food delivery aggregator Zomato for Rs 1,128 crore through an open market transaction. Following the stake sale, shares of Zomato fell 1.27 per cent to close at Rs 120.15 apiece on the NSE. Invesco Mutual Fund (MF), Sundaram MF, Edelweiss MF, ICICI Prudential Life Insurance, Goldman Sachs (Singapore), Morgan Stanley Asia Singapore, Societe Generale, BNP Paribas Arbitrage, Copthall Mauritius Investment, and Citigroup Global Markets Investment, among others were the buyers of the Zomato's share. SVF Growth (Singapore) Pte, an affiliate of Softbank, offloaded 9,35,69,368 shares, amounting to a 1.08 per cent stake in Zomato, as per the block deal data available with the National Stock Exchange (NSE). The shares were sold at an average price of Rs 120.50 apiece, taking the combined deal size to Rs 1,127.51 crore. After the latest transaction, Softbank's shareholding has declined to 1.09 per cent from a 2.1

Stocks to Watch: Tata Steel, Vedanta, NMDC, IIFL Sec, Zomato, Banks, Auto

Stocks to Watch: The Securities Appellate Tribunal (SAT) has set aside the order by Sebi restricting IIFL Securities from taking new clients for two years

SoftBank looks to exit Zomato, plans to offload 93.5 million shares

The price range for the transaction has been fixed at Rs 120-121 per share, said sources

SoftBank seeks to offload shares worth $135 million in Zomato: Report

This is the third time since August that SoftBank will offload its stake in Zomato, India's largest online food delivery service. It sold a similar stake in October

D-Mart's Damani tops list of '200 Self-Made Entrepreneurs Of Millennia'

Sachin Bansal and Binny Bansal of Flipkart, Deepinder Goyal of Zomato among others in the list

Zomato's superior execution should hold it in good stead; stock up slightly

Zomato's share loss could be attributable to decisions like the temporary suspension of its loyalty membership programme and the shutdown of operations in 225 cities

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