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Promoters held 0.0 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 5.4 per cent and 2.72 per cent, respectively.

“The kind of acquisitions that Zomato has done recently may not necessarily fit into the whole delivery ecosystem. Zomato disclosed that they are going to acquire gym chain cult.fit as well. Not just that, some of the recent acquisitions such as AdOnMo and UrbanPiper were done at very heavy valuations. They paid almost 187 times price to sales on AdOnMo and for UrbanPiper.”

A total of 1,528,883 shares changed hands on the counter till 10:32AM (IST).

According to reports, the bonds are set to mature on February 14, 2025. The bonds will bear an interest rate at benchmark plus spread per cent payable annually. The spread is 1.65 per cent per annum.

Balkrishna Industries Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 40775.43 Crore) operating in Tyres sector.

Rakesh Jhunjhunwala held 10.1 per cent stake in the company as of December 31.

The stock quoted a 52-week high of Rs 5654.0 and a 52-week low of Rs 3145.0.

In other news, the public sector lender said that it has declared IL&FS Tamil Nadu Power Company, with dues of over Rs 148 crore, as a fraud account and reported it to the Reserve Bank.

Promoters held 50.0 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 34.06 per cent and 3.0 per cent, respectively.

The Nifty Bank index was trading 0.95 per cent down at 37806.4.