Zomato set floor price of Rs 265.91 per share for QIP issue

Quick Summary:

Zomato aims to raise Rs 8,500 crore through the QIP issue.

The fundraise comes at as its key rival Swiggy has now become a publicly listed company.

Zomato's fundraise is also expected to bring about a change in its capable, giving further ownership to domestic investors.

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Article Details

Author / Journalist: Team YS

Category: StartupsEconomyBusiness

Markets: India

Topics: Floor Privacy Issue Price Zomato Company Quick Commerce Share Fundraise Policy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 17:02:06 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 255 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 13 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 23839510

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Official Website: yourstory.com

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