In today’s briefing:
- Zomato Lock-Up – A US$650m+ Worth Acquisition Linked Lockup Release
- Morning Views Asia: Adani Ports & Special Economic Zone, Softbank Group
Zomato Lock-Up – A US$650m+ Worth Acquisition Linked Lockup Release
- In Aug 2022, Zomato completed the acquisition of Blinkit’s outstanding shares via issuing its own shares. These issued shares will come up for lockup release on 10th Aug 2023.
- Zomato is one of two leading food delivery app operators in India. Its acquisition of Blinkit marked its foray into the instant grocery segment.
- In this note, we will talk about the lock-up dynamics and recent updates.
Morning Views Asia: Adani Ports & Special Economic Zone, Softbank Group
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
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