This is an archive article published on June 24, 2022

Zomato to acquire Blink Commerce in Rs 4,447 cr deal

Blink Commerce Pvt Ltd runs the online quick commerce service under the Blinkit brand.

A 25-YEAR-OLD Nigerian national was arrested for possessing 274 gm heroin worth around Rs 30 lakh in international market near Ramdarbar railway underbridge on Thursday night. The accused was identified as Benjamin. He was remanded in four-day police custody. The 274 gm heroin is a commercial quantity. Police said Benjamin had arrived in India from Nigeria on business visa in December 2020. He stays at Guru Nanak Enclave in Tilak Nagar, Delhi. A team of the Operations Cell under the supervision of DSP Jasbir Singh arrested him. Police said that the team was on patrolling duty in view of the Independence Day when they spotted the suspect. Sub-Inspector Ramesh Kumar and his team members stopped the suspect and seized the narcotics from his possession. Sources said that the suspect had tried to misled the police team. Later, S-I Ramesh Kumar informed DSP Jasbir Singh and SP Ketan Bansal about the seizure. Sources said that the accused is a native of Edaeni, Street 32 Enugu, Nigeria. Police have passed the information about the arrest of Benjamin to the Nigerian embassy in Delhi. A case was registered at Sector 31 police station. (File)A 25-YEAR-OLD Nigerian national was arrested for possessing 274 gm heroin worth around Rs 30 lakh in international market near Ramdarbar railway underbridge on Thursday night. The accused was identified as Benjamin. He was remanded in four-day police custody. The 274 gm heroin is a commercial quantity. Police said Benjamin had arrived in India from Nigeria on business visa in December 2020. He stays at Guru Nanak Enclave in Tilak Nagar, Delhi. A team of the Operations Cell under the supervision of DSP Jasbir Singh arrested him. Police said that the team was on patrolling duty in view of the Independence Day when they spotted the suspect. Sub-Inspector Ramesh Kumar and his team members stopped the suspect and seized the narcotics from his possession. Sources said that the suspect had tried to misled the police team. Later, S-I Ramesh Kumar informed DSP Jasbir Singh and SP Ketan Bansal about the seizure. Sources said that the accused is a native of Edaeni, Street 32 Enugu, Nigeria. Police have passed the information about the arrest of Benjamin to the Nigerian embassy in Delhi. A case was registered at Sector 31 police station. (File)
By: PTI
2 min readNew DelhiJun 24, 2022 08:35 PM IST First published on: Jun 24, 2022 at 08:35 PM IST

Online food delivery platform Zomato Ltd on Friday said it will acquire Blink Commerce Pvt Ltd (formerly known as Grofers India Pvt Ltd) for a total purchase consideration of Rs 4,447.48 crore in a share swap deal.

The company’s board at a meeting held on Friday has approved acquisition of up to 33,018 equity shares of Blink Commerce Pvt Ltd from its shareholders for a total purchase consideration of Rs 4,447.48 crore at a price of Rs 13.45 lakh per equity share, Zomato said in a regulatory filing.

Advertisement

This transaction will be carried out through issuance and allotment of up to 62.85 crore fully paid-up equity shares of Zomato, having face value of Re 1 each at a price of Rs 70.76 per equity share, it added.

Latest Comment
Post Comment
Read Comments