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InfoEdge s Rs 4 7 crore investment in Zomato is now worth Rs 15,000 crore

InfoEdge s Rs 4.7 crore investment in Zomato is now worth Rs 15,000 crore SECTIONS Share Reuters FILE PHOTO: The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, 2021. REUTERS/Florence Lo/Illustration Info Edge, the earliest and biggest backer of Zomato, has seen the value of its stake in the company skyrocket to Rs 15,000 crore, or 1,050 times its initial investment of Rs 4.7 crore. On Friday, Zomato became the first new-age unicorn to list on the Indian stock exchanges. The stock, which opened at Rs 115 a share, rose nearly 10% to end the day at Rs 126.

Zomato makes a stellar debut on D-Street

Zomato closes the initial day at a 66% premium on issue price Stock opened at a more than 50 per cent premium on is debut day Mumbai: The much-awaited Rs 9,375-crore Zomato IPO listed on the exchanges on July 23rd. After a robust response to the subscription, the Zomato shares made a strong stock market debut, closing the initial day of trade at Rs 126 per share. Zomato’s stock price was up 66 per cent from the IPO price of Rs 76. The stock opened at Rs 116 on NSE which is at a 52 percent premium to its final offer price of Rs 76. The listing price on the BSE was at Rs 115, up 51 percent to is final offer price. By Noon, Zomato had hit an intraday high of Rs 138 which pushed its market-capitalization to more than Rs 100,000-crore, making it the 46th stock in the list of 50 most valued counters. Sanjeev Bikhchandani hold 24.6% stake in InfoEdge

Zomato s Stellar Stock Market Debut Sets Pace for Other Indian Tech Listings

Zomato s Stellar Stock Market Debut Sets Pace for Other Indian Tech Listings
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MediaNama - Digital India Internet Mobile Policy News

MediaNama - Digital India Internet Mobile Policy News
medianama.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medianama.com Daily Mail and Mail on Sunday newspapers.

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