HomeEconomyZomato Falls 6% As 42.4 Lakh Shares Change Hands Via Block Deal;...

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 delivery platform Zomato’s shares fell over 6 per cent to Rs 101.2 in Thursday’s trade on BSE amid reports of a block deal executed on the counter.

On Thursday, 42.4 lakh equity shares of Zomato changed hands in a block deal, ET said quoting reports.

According to the latest shareholding pattern available on Trendlyne, 54.7% of the company’s shareholding is with the FIIs, 10.6% with mutual funds, and 3.4% with institutions.

In another recent news, Zomato, the food ordering and delivery platform, has introduced a maternity insurance programme for its female delivery partners. This insurance coverage caters to a range of pregnancy-related expenses, including childbirth and maternity complications.

Operated in collaboration with ACKO, the maternity insurance programme is available to female delivery partners who have completed 1,000 deliveries on the Zomato platform and have maintained an active status for at least 60 days prior to applying for this insurance.

This insurance plan provides up to Rs 25,000 for natural childbirth, up to Rs 40,000 for cesarean sections, and up to Rs 40,000 in case of maternity complications such as miscarriage and abortion, the company said in a press release.

“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,” said Rakesh Ranjan, CEO, Food Delivery, Zomato.

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