![]() Zomato posted net losses of Rs 360 crore in the last quarter of FY22. Limiting CO2 storage deployment would require a shift to nascent technology options and result in a doubling of the marginal abatement cost for industry in. It would need reasonably high investment and hence, cash burn, and is likely to be a significant logistical challenge to execute as well, but still Zomato can’t afford not to do it,” said a June 10 research report by HSBC, which maintained a buy rating on the stock with a target price of Rs 85. Before going into details, we claim for Zomato that building grocery business will work as a ‘poison pill’. “We find investors broadly divided on Zomato’s strategy to acquire Blinkit and some even question the merit of foraying into Grocery (hyperlocal). Zomato’s shares have been under pressure for some time now, especially after the company, which is a loss-making entity, announced the acquisition of Blinkit, another loss-making firm. Paytm, for instance, has zero promoter shareholding and is a loss-making entity as well. Shares of other new-age companies that have low or nil promoter shareholding may come under pressure after the completion of the one-year period post IPO, said market watchers. Zomato’s pre-IPO and early investors include the likes of Uber BV (7.8%), Alipay (7.1%), Ant Financial (6.99%), Tiger Global (5.11%), Sequoia Capital (5.10%) and Temasek (2.2%). “There will be a substantial number of individual investors, including HNIs and millennials, in the company, and as their patience exhausts, we could see some more selling pressure in the days ahead.” (the 'Company') received a written notice (the 'Notice') from the Listing Qualifications Department (the 'Staff') of The Nasdaq Stock Market LLC ('Nasdaq') notifying the Company that, for the last 30 consecutive business days, the bid price. ![]() On October 4, 2022, Shift Technologies, Inc. Khemka believes that the stock could continue to remain under pressure unless the company’s fundamentals improve. Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard Transfer of Listing. “Today’s selling seems to be an overreaction and triggered more by panic selling,” said Siddhartha Khemka, head of research – retail, Motilal Oswal Financial Services. The stock price is gradually slipping towards the valuation that Aswath Damodaran, a professor of finance at the Stern School of Business at New York University, had pegged ahead of Zomato’s IPO. In the last one year, the shares have slid 62%, after scaling a lifetime high of Rs 169 on the BSE, a gain of 122% over its issue price of Rs 76. On Monday, the stock hit a low of Rs 46 on the BSE, down 14.2% over its previous close, before settling at Rs 47.55 at the end of the day, down 11.4%. Looking good, imo.Ħ.Silver Lake Technology Investors IV (Delaware II), L.P.NSE Bulk Deals, July 21: Reliance Power, Reliance Infra, Bandhan Bank, other major deals from previous session The controller 60 controls switching the power transmitting path of the transmission gear mechanism 40 to perform the shift operation and controls the torque. T.Rowe is the other party who hold high number of shares that is not part of the lock-up agreement. Let say hypothetically, if SOFI starts the PPS at $13.00 on the first trading day after the merger, and can maintain within $12.50 and $14.99 in the next 30 days, what is the implication on the Lock-up agreement?īased on the SEC filing, the parties to the lockup agreement holds significant numbers of shares. Next, what does it mean regarding the 33% and 50% of the lock up shares? Does it mean that the 33% of the Lock-up Shares is "released" (one can start sell) once the PPS is $12.50 or above for 20 days within 30 days "regardless" whether those dates are still within the 180 days? ![]() Can someone help me out in plain English? What confused me is the word "and" in the ".of (i) the date that is 180 days after the Closing AND (ii)(a) for 33% of the Lock-up Shares, the date.". I really have a hard time to really understand the lock up agreement above. "Such restrictions begin at the Closing and end on the earlier of (i) the date that is 180 days after the Closing and (ii)(a) for 33% of the Lock-up Shares, the date on which the last reported sale price of SCH Common Stock equals or exceeds $12.50 per share for any 20 trading days within any 30-trading day period commencing at least 30 days after the Closing and (b) for an additional 50% of the Lock-up Shares, the date on which the last reported sale price of SCH Common Stock equals or exceeds $15.00 per share for any 20 trading days within any 30-trading day period commencing at least 30 days after the Closing."
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