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Zomato zooms ~3% after completing acquisition of a 6.38% stake in Curefit and divestment in Fitso

Prior to the Proposed Divestment, the Company has acquired the remaining equity shares held by existing shareholders of FitSo.

November 30, 2021 9:55 IST | India Infoline News Service
zomato
Zomato Limited on November 10, 2021, had intimated regarding the proposed acquisition of 6.38% of the share capital of Curefit Healthcare Private Limited (Curefit) and the proposed divestment by way of sale of 100% of the share capital of Jogo Technologies Private Limited (FitSo) to Curefit Services Private Limited and Curefit,

The company has executed the transaction agreements for the Proposed Investment and Proposed Divestment ("Transactions"). The Transactions are subject to fulfillment of certain customary conditions precedent and other terms and conditions agreed under the transaction agreements.

Further, prior to the Proposed Divestment, the Company has acquired the remaining equity shares held by existing shareholders of FitSo and subsequent to such acquisition, FitSo has become a wholly owned subsidiary of the Company.

At around 9.58 am, Zomato Ltd was trading at Rs153.20 per piece up by Rs4.25 or 2.85% from its previous closing of Rs148.95 per piece on the BSE.

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Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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