Mygate, Adonmo set to merge; Eternal to hold 4.4% stake in combined entity

T2Covered by 1 source · first reported by Entrackr at 21 Oct, 11:24 UTC

Eternal, formerly Zomato, will acquire an approximately 4.4% stake in Mygate on a fully diluted basis through a share swap involving its entire holding in Adonmo, according to a regulatory filing dated October 21. The stake in the merged Mygate entity is currently valued at Rs 156 crore. Eternal…