​Investors accuse Zomato of late Blinkit disclosure in letter to Sebi

A group of Mumbai-based high net worth investors have complained to the Securities and Exchange Board of India (Sebi) that food delivery firm Zomato didn’t make disclosures in time about its purchase of Blinkit to the stock exchanges, said people with direct knowledge of the matter. Zomato informed the bourses on June 24 that its board had approved the acquisition of Blinkit for Rs 4,447 crore. The investors said they had suffered losses as a result of the delay and that timely disclosure would have helped them be better prepared.