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Zomato rejects EY's lower share price valuation for Blinkit deal
short by Purnima Rajput / on Sunday, 7 August, 2022
Zomato has rejected revised valuation report by EY that lowered its share price for acquiring hyperlocal delivery company Blinkit for ₹4,447 crore. In a statement, Zomato said fair market value per equity share of the company would remain ₹70.76. In first valuation report, EY had priced Zomato at ₹70.76 per share. The new report was based on a different methodology.
read more at CNBC-TV18