This buyback, amounting to Rs 301 crore, represents up to 1.64% of the company’s total paid-up equity share capital as of March 31, 2024 (excluding 45 lakh equity shares held by the Trust in Treasury), the company said in an exchange filing.
Prosus NV, Tencent’s top investor, has made over $2 billion from its investment in Swiggy, highlighting the value of its portfolio beyond Tencent. Prosus and
Macquarie raises Zomato’s target price to Rs 130 but maintains an ‘underperform’ rating due to growth risks. Zomato’s competitor Swiggy also attracts mixed ratings from
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