Zomato gets shareholder approval to raise Rs 8,500 Cr via QIP

Quick Summary:

The shareholders passed a special resolution to raise capital via a QIP by issuing equity shares to eligible investors, with 99.79% voting in favour.

The shares of the foodtech company closed at Rs 266.75 on Friday.

This development comes as the Deepinder Goyal-led company’s competitors ramp up their financial resources.

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Article Details

Author / Journalist: Ishan Patra

Category: StartupsEconomyBusiness

Markets: India

Topics: Privacy Resolution Policy Approval Shares Raise Information Plans Shareholders Zomato Capital

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-23 @ 09:22:30 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 202 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 13 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 23777223

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

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