Corporate News 16-Mar-22
Board of Zomato approves grant of loan up to USD 150 mn to Grofers India
At meeting held on 15 March 2022
The Board of Zomato at its meeting held on 15 March 2022 has approved the grant of loan up to INR equivalent of US$150 million to Grofers India (GIPL) in one or more tranches and delegated the authority to the senior management of the Company to decide the key terms of the loan and execute the definitive documents at a future date. The interest rate for the loan will be 12% p.a. or higher with a tenor of not more than 1 year. This loan will support the capital requirements of GIPL in the near term and is in line with the company's stated intent of investing up to $400 million cash in quick commerce in India over the next 2 years.
Previous News
Zomato spurts on bullish brokerage call
( Hot Pursuit - 19-Aug-24 13:17 )
Volumes spurt at Zomato Ltd counter
( Hot Pursuit - 29-Nov-23 11:00 )
Zomato to convene AGM
( Corporate News - 10-Aug-22 11:41 )
Zomato allots 10.88 cr equity shares under ESOP
( Corporate News - 08-Feb-24 14:25 )
Zomato's co-founder Mohit Gupta resigns
( Hot Pursuit - 19-Nov-22 10:32 )
Mohit Gupta resigns from Zomato
( Corporate News - 19-Nov-22 13:23 )
Zomato tumbles on high volumes
( Hot Pursuit - 25-Jan-23 13:18 )
Zomato Ltd leads losers in 'A' group
( Hot Pursuit - 25-Jan-23 15:00 )
Zomato reports consolidated net loss of Rs 429.60 crore in the September 2021 quarter
( Results - Announcements 11-Nov-21 08:08 )
Zomato Ltd leads losers in 'B' group
( Hot Pursuit - 24-Jan-22 14:45 )
Zomato dissolves UK based step down subsidiary
( Hot Pursuit - 18-Nov-21 11:08 )
Other Stories
Gujarat Natural Resources to convene board meeting
05-Oct-24 17:43
Narmada Macplast Drip Irrigation Sys. to convene board meeting
05-Oct-24 17:43
Grill Splendour Services to conduct board meeting
05-Oct-24 17:43
Consolidated Construction Consortium to hold board meeting
05-Oct-24 17:43
Visagar Polytex to announce Quarterly Result
05-Oct-24 17:42
GNA Axles to convene board meeting
05-Oct-24 17:42
Fidel Softech to conduct board meeting
05-Oct-24 17:42
Rita Finance & Leasing announces board meeting date
05-Oct-24 17:42
Pelatro to conduct EGM
05-Oct-24 17:36
Thinkink Picturez to hold AGM
05-Oct-24 17:35
Back
Top
