OTPL is in the business of listing and sale of movie tickets and other services and WEPL is in the business of listing and sale of event tickets and other services. In FY24, the business being acquired generated a combined GOV of more than Rs 2,000 crore (29% YoY growth). During the same period, the business generated revenue of Rs 297 crore and Adjusted EBITDA of Rs 29 crore (translating to about 1.5% Adjusted EBITDA margin as a % of GOV). The food delivery company will acquire for total consideration of Rs 2,048 crore, OTPL will be acquire by the company for Rs 1,264.6 crore and WEPL will be acquire by the company for Rs 783.8 crore. As per the agreement, OCL will transfer its movies ticketing business and sports and events ticketing business to its wholly owned subsidiaries OTPL and WEPL respectively through a slump sale. Zomato will do a primary infusion into OTPL and WEPL by way of a preferential allotment for an amount equal to the slump sale consideration. Simultaneously, the company will acquire the entire stake owned by OCL in OTPL and WEPL through a share purchase transaction, resulting in OTPL and WEPL becoming wholly owned subsidiaries of the company. As part of the transaction, around 280 employees will move to Zomato. There is no other major physical infrastructure being acquired. The said acquisition will be completed within 90 days from the execution date of the agreement. The company will launch District app. 'In the short term, District app will duplicate the offerings and over time, we will gradually nudge our customers to move from the Zomato/ Paytm/ Insider/ TicketNew apps to the District app,' Deepinder said in shareholders' letter. The company's going-out business (which includes dining-out and event ticketing) did Rs 3,225 crore of GOV in FY24 growing at 136% YoY. It expects GOV more than Rs 10,000 crore in FY26. The company said that in the medium to long term, this business has the potential to deliver 4-5% Adjusted EBITDA margin as a % of GOV. Zomato connects customers, restaurant partners and delivery partners. Customers use Zomato to search and discover restaurants, read and write customer generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants. On the other hand, it provides restaurant partners with industry-specific marketing tools which enable them to engage and acquire customers to grow their business while also providing a reliable and efficient last mile delivery service. The company also operates a one-stop procurement solution, Hyperpure, which supplies high quality ingredients and kitchen products to restaurant partners. The food delivery company's consolidated net profit spurted to Rs 253 crore during the quarter compared with Rs 2 crore posted in corresponding quarter last year. Revenue from operations jumped 74.09% YoY to Rs 4,206 crore in Q1 FY25. The scrip rose 0.02% to Rs 260 on he BSE.Powered by Capital Market - Live

Securities in F&O ban: Aarti Industries, Aditya Birla Fashion and Retail, Balrampur Chini Mills, Birlasoft, GNFC, Granules India, Hindustan Copper, India Cements, LIC Housing Finance, NALCO, Piramal Enterprises, Sun TV Network Stocks to watch: Zomato will acquire Paytm's entertaining ticketing business for Rs 2,048 crore. Paytm will transfer the movie ticketing business to unit Orbgen Tech which will be acquire by the company for Rs 1,265 crore and unit Wasteland Entertainment will be bought by Zomato for Rs 784 crore. Indian Renewable Energy Development Agency (IREDA)'s board will meet on August 29 to consider raising funds upto Rs 4,500 crore through FPO, QIP or other modes. Welspun Enterprises arm received an order worth Rs 160 crore from BMC for the rehabilitation of man-entry sewers by trenchless technology in Mumbai L&T Technology Services extended collaboration with Thales for software monetisation solutions. Hudco signed a MoU with Yamnuna Expressway Industrial Development Authority to extend a loan assistance towards projects on both sides of the Yamnuna Expressway. Kilburn Engineering will consider raising funds on 26 August 2024. BEML partnered with Indian Navy to develop advanced marine applications for defence. Procter & Gamble Health reported 44% decline in standalone net profit to Rs 17 crore in Q4 FY24 as compared with Rs 30 crore in Q4 FY23. Revenue fell 6% to RS 284 crore during the quarter. Powered by Capital Market - Live

The stock hit a record high of Rs 280 today. It has surged 190% in the past one year. The target price for the delivery platform has been raised to Rs 320 per share from Rs 260 earlier, driven by the company's strong first-quarter performance and optimistic guidance. The brokerage said the company's June quarter results exceeded expectations, driven by stronger-than-anticipated GMV growth in quick commerce, which posted a solid 27% increase in food delivery. Both quick commerce and food delivery growth outperformed estimates, with margin expansion in both segments also surpassing expectations. For FY26'28, the brokerage lifted GMV estimates by 20'30% for quick commerce and 2-3% for food delivery. The company is currently trading at 35x FY27 EV/EBITDA, compared to the 30x average for its Indian consumer/retail peers, reflecting its superior growth and margin expansion profile, it added. Zomato connects customers, restaurant partners and delivery partners. Customers use Zomato to search and discover restaurants, read and write customer generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants. On the other hand, it provides restaurant partners with industry-specific marketing tools which enable them to engage and acquire customers to grow their business while also providing a reliable and efficient last mile delivery service. The company also operates a one-stop procurement solution, Hyperpure, which supplies high quality ingredients and kitchen products to restaurant partners. The food delivery company's consolidated net profit spurted to Rs 253 crore during the quarter compared with Rs 2 crore posted in corresponding quarter last year. Revenue from operations jumped 74.09% YoY to Rs 4,206 crore in Q1 FY25. Adjusted EBITDA surged to Rs 299 crore in Q1 FY25 as compared with Rs 12 crore posted in same quarter last year. EBITDA margin stood at 3.4% in Q1 FY25. Powered by Capital Market - Live

Zomato announced that the Annual General Meeting (AGM) of the company will be held on 28 August 2024.Powered by Capital Market - Live