Zomato surges on incorporating wholly owned subsidiary as NBFC
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Zomato is currently trading at Rs. 79.70, up by 0.90 points or 1.14% from its previous closing of Rs. 78.80 on the BSE.
The scrip opened at Rs. 78.85 and has touched a high and low of Rs. 80.35 and Rs. 76.50 respectively. So far 1130935 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.10 on 16-Nov-2021 and a 52 week low of Rs. 75.75 on 15-Feb-2022.
Last one week high and low of the scrip stood at Rs. 85.20 and Rs. 76.50 respectively. The current market cap of the company is Rs. 62975.46 crore.
The Institutions and Non-Institutions held 15.68% and 84.32%, stake in the company respectively.
Zomato has incorporated wholly owned subsidiary namely ‘Zomato Financial Services’ as Non- Banking Finance Company (NBFC) on February 25, 2022. Earlier, The company’s board had approved incorporation of a wholly owned subsidiary as NBFC. The NBFC will have a proposed authorised capital of Rs 10 crore and proposed paid-up capital of Rs 3 crore.
Zomato is an Indian multinational restaurant aggregator and food delivery company founded by Pankaj Chaddah and Deepinder Goyal in 2008. It provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities.
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