Zomato allots nearly 20 lakh equity shares in ESOPs ahead of Q2 results

Quick Summary:

Zomato undertook ESOP allotments worth Rs 52.5 crore just hours before it releases its second quarter results.

QIPs are a way for publicly listed companies to raise capital by selling shares exclusively to institutional investors like mutual funds, insurance companies, or banks.

Swiggy is gearing up to make its public debut soon.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Information Privacy Company Policy Equity Shares Plan Lakh Zomato Esop Allotted

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 10:04:23 (6 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 207 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23198496

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

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