Zomato tumbles 6% as Street cautious on Blinkit buyout | Economic Times

Zomato tumbles 6% as Street cautious on Blinkit buyout https://ift.tt/NdAG1pI stock, which opened at ₹73, fell as much as 12% from the day's high before closing at ₹65.85. About 117 million shares were traded on Monday compared to an average of 43 million shares traded in the previous 10 trading sessions. On Friday, Zomato's board approved the acquisition of Blinkit (formerly Grofers) for ₹4,447 crore (about $570 million) in an all-stock deal.