Zomato Share Price: Zomato stock skids 6.6% lower post Blinkit acquisition announcement

Zomato-Blinkit Acquisition News, Zomato Share Price Down: Shares of online food delivery and restaurant discovery platform Zomato fell 6.6 per cent on Monday following the announcement of a deal to acquire quick commerce delivery firm Blinkit for Rs 4,447.5 crore.

The Zomato stock had opened 3.77 per cent higher at Rs 73.00 apiece on the BSE however as the trade progressed it erased all its gains and turned negative. Towards the last hour of the session, it hit an intraday low of Rs 65.05, down 7.53 per cent on the bourse. Mirroring similar movements on the National Stock Exchange (NSE), it hit a high of Rs 72.70 and a low of Rs 65.00 in the intraday trade.