Zomato board approves acquiring quick commerce firm Blinkit for Rs 4,447 crore 

Zomato approved acquisition of e commerce  company blinkit for 4447 crore .Zomato will acquire 33018 equity shares .This will carryout through issuance snd allotment  up to 62.8 million  paid up equity shares ,this will close by the end of August .Zomato already holds a stake in the acquired entity and is paying 60 crore .the CEO in a bog said that ,they are planing to acquire blinkit  which is a quick commerce business in India .