Zomato’s board approved its acquisition of Blinkit (previously Grofers) for Rs. 4,447 crore ($570 million) in an all-stock deal. Zomato plans to begin integrating Blinkit on multiple fronts after approval of the proposed acquisition. It will collect 33,018 fairness stocks of Blink Commerce and will allot 62.85 crore shares at fee of Rs. 70.Seventy six apiece as attention other than coins. Once the transaction closes, the priorities would be clients and transport fleet integration. Zomato might also bear in mind shifting Blinkit to the Zomato app. Zomato expects both the target group as well as advert sales capacity of Blinkit to be more than that of its meals delivery business. The corporation stated the markdown in Blinkit’s valuation became due to macroeconomic elements.