Zomato Falls 6% As 42.4 Lakh Shares Change Hands Via Block Deal; Key Points For Investors – News18

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Zomato Falls 6% As 42.4 Lakh Shares Change Hands Via Block Deal; Key Points For Investors – News18


Last Updated: October 26, 2023, 14:23 IST

Food supply platform Zomato’s shares fell over 6 per cent to Rs 101.2 in Thursday’s commerce on BSE amid experiences of a block deal executed on the counter.

On Thursday, 42.4 lakh fairness shares of Zomato modified arms in a block deal, ET stated quoting experiences.

According to the newest shareholding sample out there on Trendlyne, 54.7% of the corporate’s shareholding is with the FIIs, 10.6% with mutual funds, and three.4% with establishments.

In one other latest information, Zomato, the meals ordering and supply platform, has launched a maternity insurance coverage programme for its feminine supply companions. This insurance coverage protection caters to a spread of being pregnant-associated bills, together with childbirth and maternity problems.

Operated in collaboration with ACKO, the maternity insurance coverage programme is accessible to feminine supply companions who’ve accomplished 1,000 deliveries on the Zomato platform and have maintained an energetic standing for at the least 60 days previous to making use of for this insurance coverage.

This insurance coverage plan supplies as much as Rs 25,000 for pure childbirth, as much as Rs 40,000 for cesarean sections, and as much as Rs 40,000 in case of maternity problems equivalent to miscarriage and abortion, the corporate stated in a press launch.

“We are continuously working towards ensuring that female delivery partners are not just participants but also beneficiaries of our inclusive policies and initiatives. By introducing comprehensive maternity insurance for gig workers, we are looking at providing extra support during our partners’ journey to motherhood, reinforcing our dedication to their welfare and financial security, thereby helping them meet their needs every step of the way,” stated Rakesh Ranjan, CEO, Food Delivery, Zomato.



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