Zomato opens Rs 8,500 cr QIP offering, sets floor price at Rs 265.91

Quick Summary:

Food delivery aggregator Zomato has approved and authorised the opening of its Qualified Institutional Placement (QIP), setting the floor price at Rs 265.91 per share.

In a regulatory filing on Monday, the food delivery platform said the Fund Raising Committee of the Board has approved and authorised the opening of the issue.

Zomato CEO Deepinder Goyal had shared that the proposed fundraise is meant to strengthen its balance sheet.

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Category: BusinessFinance

Markets: India

Topics: Food delivery Floor price of Zomato Zomato QIP offerings Online food delivery QIP

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 14:38:13 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 354 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23884046

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