Zomato raises USD 1 bn via QIP

Zomato raises ₹8,500 crore via Qualified Institutional Placement at ₹252.62 per share
The Fund Raising Committee of Zomato's board approved the allotment of 33,64,73,755 (33.65 crore) shares to eligible qualified institutional buyers at an issue price of ₹252.62 apiece, aggregating to ₹8,500 crore
Zomato raises ₹8,500 crore via QIP at ₹252.62 per share to bulk up cash reserves
Zomato believes it needs to enhance its cash balance given the competitive landscape, with rivals Swiggy and Zepto gearing up to stay in the competition.
Zomato raises Rs 8,500 crore via QIP at Rs 252.62/share; Should you Buy, Sell or Hold this recent entrant in F&O segment
Zomato has successfully raised Rs 8,500 crore through a Qualified Institutional Placement (QIP), offering 33.65 crore equity shares at Rs 252.62 each. This issue price represents a 5% discount to the floor price of Rs 265.
Zomato Shares Plunge Over 3% On NSE; Secures ₹8,500 Crore Through QIP
The online food delivery giant, Zomato Limited on Friday (November 29) through an exchange fling announced that it has successfully completed a Qualified Institutional Placement (QIP) of equity shares, raising Rs 8,500 crore.
Zomato raises ₹8,500 crore through QIP
Zomato raises ₹8,500 crore through QIP, shares trading at ₹280.95; funds to boost growth, technology, and acquisitions.
Zomato raises Rs 8,500 crore via QIP, Motilal Oswal emerges as biggest domestic investor
Zomato raised Rs 8,500 crore through QIP by issuing and allotting 33 crore equity shares at an issue price of Rs 252.62 per share. The company's board approved this fundraising initiative, which was announced last month.
Zomato QIP: Company raises Rs 8500 crore at Rs 252.62 per share; F&O entry from today
Zomato has announced the closure of Qualified Institutional Placement (QIP). The online food delivery company said that it raised Rs 8,500 crore through QIP. It allotted as many as 33.65 crore shares at a floor price of Rs 252.
Zomato raises Rs 8,500 crore via QIP at Rs 252.62 per share; stock in focus on NSE F&O entry today
Food delivery aggregator Zomato has raised Rs 8,500 crore through a Qualified Institutional Placement (QIP), allocating 33.65 crore equity shares at Rs 252.62 per share. This issue price represents a 5 percent discount to the floor price of Rs 265.
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