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Zomato states the board’s fundraising board accepts the quantity of 33,64,73,755 (33.65 crore) shares to eligible certified institutional purchasers at a problem rate of Rs 252.62 each, accumulating to Rs 8,500 crore.
Zomato QIP Fundraising.
Food shipment collector Zomato on Friday stated it has actually increased Rs 8,500 crore by offering equity shares to certified institutional capitalists to money its development purposes. Zomato CHIEF EXECUTIVE OFFICER Deepinder Goyal had actually previously shared that the suggested fundraise is indicated to reinforce its annual report.
The firm opened its Qualified Institutional Placement (QIP) concern on November 25, which shut on Thursday.
In a regulative declaring, the firm notified that the Fund Raising Committee of its Board authorized the quantity of 33,64,73,755 (33.65 crore) shares to eligible certified institutional purchasers at a problem rate of Rs 252.62 each, accumulating to Rs 8,500 crore.
These shares were set aside to capitalists at 5 percent price cut from the flooring rate, which was repaired at Rs 265.91 per share.
Zomato shares were trading at Rs 280.15 each at 1426 humans resources on Friday, down 2.08 percent.
(This tale has actually not been modified by News 18 personnel and is released from a syndicated information company feed – PTI)
