Zomato receives ₹402 cr tax notice; stock dips 5%
Zomato says it is not liable to pay any tax since delivery charge is collected by company on behalf of delivery partners.
food delivery company
December 2023
August 2023
February 2023
March 2022
Tiger Global exits Zomato by selling stake worth ₹1,124 cr; stock rises
Tiger Global, through its investment vehicle Internet Fund IV, sells 12.34 crore shares, or 1.44% stake in Zomato, at an average price of ₹91.01 per share.
Zomato shares slide 7% as Q3 loss widens; analysts see 84% potential upside
Zomato’s Q3 loss widened to ₹346.6 crore in Q3 FY23, against a loss of ₹63 crore in the year-ago period and ₹250.8 crore loss in Q2 FY23.
Zomato shares hit new all-time low; here’s why
Shares of the food delivery platform declined as much as 1.4% to hit a fresh low of ₹75.55 in early trade on the BSE on Wednesday amid reports of a merger deal with Blinkit.
