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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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Delayed Japan Exchange  -  02:00 2022-08-18 am EDT
5815.00 JPY   +0.22%
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Ant Group-backed Zomato to buy additional stake in Blinkit for about $568 million

06/24/2022 | 09:38am EDT
A delivery worker of Zomato picks a food package in Mumbai

BENGALURU (Reuters) - India's Zomato Ltd said on Friday it will buy additional stake in local grocery-delivery startup Blinkit for 44.47 billion rupees ($568.16 million) as the food-delivery firm looks to take advantage of the booming quick delivery market.

China's Ant Group-backed Zomato already owns a more than 9% stake in Blinkit.

($1 = 78.2700 Indian rupees)

(Reporting by Rama Venkat in Bengaluru; Editing by Shinjini Ganguli)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
SOFTBANK GROUP CORP. 0.22% 5815 Delayed Quote.6.77%
ZOMATO LIMITED 2.84% 67.1 Delayed Quote.-52.51%
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Analyst Recommendations on SOFTBANK GROUP CORP.
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Financials
Sales 2023 6 443 B 47 603 M 47 603 M
Net income 2023 555 B 4 102 M 4 102 M
Net Debt 2023 18 906 B 140 B 140 B
P/E ratio 2023 17,4x
Yield 2023 0,76%
Capitalization 9 181 B 67 831 M 67 831 M
EV / Sales 2023 4,36x
EV / Sales 2024 4,04x
Nbr of Employees 59 721
Free-Float 62,2%
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Mean consensus BUY
Number of Analysts 17
Last Close Price 5 802,00 JPY
Average target price 7 582,94 JPY
Spread / Average Target 30,7%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
Yutaka Matsuo Independent Outside Director
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