India’s Zomato Nears All-Stock Takeover for Blinkit
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India’s online food delivery platform Zomato Ltd. is nearing an all-stock deal to take over instant grocery delivery service Blinkit, according to people familiar with the matter.
The companies are at an advanced stage discussing the deal structure, said the people, who asked not to be identified as the information is private. They will seek clearance from the country’s antitrust regulator in the coming weeks, one of the people added.