This French corporation acquires Rs 1484 crore of Deepinder Goyal's Zomato, focusing on...
Let's Dig into the Latest: Zomato, now known as Eternal, continues to leave its mark in the business world with fascinating moves. After changing its corporate name earlier this year, it recently attracted a significant investment from BNP Paribas Financial Markets.
On Friday, the French company dropped a cool Rs 1,489 crore on over 6.24 crore Eternal shares at Rs 238.25 each. Adding to the deal size, they also offloaded nearly 1.9 lakh shares at Rs 239.95, making the total transaction worth Rs 4.5 crore [1][3].
BNP Paribas Financial Markets, a division of the renowned French bank, operates with a focus on consistent client service, innovative solutions, and research excellence to support strategic decisions [2].
Following the momentous transaction, Eternal shares skyrocketed by nearly 5% on the day of the deal, landing at Rs 239.75 [1]. As of May 30, Eternal boasts a market cap of an incredible Rs 2.17 lakh crore [1].
Something Hot on the Side
- Deepinder Goyal's Fortune: Zomato's co-founder and current CEO, Deepinder Goyal, boasts a real-time net worth of USD 1.5 billion, as per Forbes. In 2022, Zomato gobbled up Blinkit, a quick commerce platform, to take on rivals like Swiggy's Instamart [4].
News that Sticks:
- Zomato: Stay updated with the latest happenings in the food delivery giant's world.
- BNP Paribas in Zomato: Curious about the connection between BNP Paribas and Eternal? You've come to the right place!
- Eternal News: Looking for the latest scoop on India's food delivery juggernaut? Look no further!
- BNP Paribas Financial Markets: Dive deep into the dealings of the French financial conglomerate.
- BNP Paribas: Get the lowdown on the French multinational bank behind the investment.
- Deepinder Goyal: Learn more about the man behind the curtain at Eternal.
- Despite its recent focus on the business world, Zomato, now known as Eternal, has also ventured into other sectors such as cricket, with Deepinder Goyal, the company's co-founder and CEO, reportedly being a passionate fan of the sport.
- Apart from investing in Eternal, BNP Paribas Financial Markets, a division of the renowned French bank, has also shown an interest in India's thriving Bollywood industry, providing financial solutions for various film projects.
- Recognizing the potential for growth in India's finance and investing sector, BNP Paribas has also expanded its operations, offering services in areas such as equity research, bond trading, and mutual funds, aiming to cater to the evolving needs of the Indian business community.
