Photo: MMA Global
HDFC Bank To Acquire 9.94% Stock In Go Digit Life Insurance
HDFC Bank, India's largest private-sector lender, announced 9.94% stake in Go Digit-Life Insurance. According to a regulatory statement to stock exchanges, HDFC and Go Digit-Life Insurance entered into an "indicative and non-binding term sheet" on August 25 for two tranches totaling between Rs 49.9 crore and Rs 69.9 crore. This agreement, however, is subject to signing of formal agreements with mutually agreed-upon terms and circumstances,… read-more
Tags: HDFC, Go Digit Life Insurance, Insurance company, Stocks, stock exchange
Courtesy: ANI
Photo: Indian Television
Zomato Shares Fall 23% Following Announcement Of Purchase Of Blinkit
Zomato's acquisition of instant delivery service platform Blinkit did not go over well with investors, as the company's shares have dropped more than 20% since the announcement. On June 24, Zomato's Board of Directors authorized to purchase of Blinkit for Rs 4,447 crore. Zomato shares closed at Rs 54.9 on July 1, down around 23%. According to National Stock Exchange statistics, the company's current market value is Rs 43,147 crore.
Tags: ZOMATO, Shares, Blinkit, Acquisition, stock exchange
Courtesy: ANI
