DSIJ Mindshare

Board has approved a plan to raise an additional Rs 8,500 crore through a qualified institutional placement (QIP) to strengthen its balance sheet.

Zomato to acquire Paytm's entertainment ticketing business for Rs 2,048 crore.

In the Quarterly Results of Q4FY24, revenue increased by 8.60 per cent from Rs 605 crore in March 2023 to Rs 657 crore in March 2024. Over the year, revenue grew by 8.10 per cent, from Rs 2,346 crore to Rs 2,536 crore. Net profit, however, showed a turnaround on a quarterly basis, moving from a loss of Rs 503 crore in March 2023 quarter to a positive of Rs 88 crore in March 2024 quarter. On a yearly basis, the net position improved from a loss of Rs 70 crore to a profit of Rs 595 crore.

The company reached a new 52-week high with a 59 per cent yearly return. The stock saw bullish momentum today. The company is divesting 34.93 per cent of Wishbook holding, with completion expected by September 2024.

This has significantly boosted Deepinder Goyal's wealth, as his 4.19 per cent stake is now valued at approximately Rs 9,400 crore.