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The online food delivery segment has seen significant growth in the last few years.
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Zomato s FY20 revenue had jumped over two-fold to $ 394 million (around ₹ 2,960 crore) from the previous fiscal.
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Sushil Kumar Verma
The online food delivery segment has seen significant growth in the last few years. Food delivery platform Zomato has filed preliminary papers with capital market regulator Securities and Exchange Board of India (Sebi) to raise ₹ 8,250 crore through an initial share-sale. The initial public offer (IPO) comprises fresh issue of equity shares worth ₹ 7,500 crore and offer for sale to the tune of ₹ 750 crore by Info Edge (India) Ltd, draft red herring prospectus filed with Sebi showed on Wednesday.
They say portfolio management schemes are ideal for those seeking long-term wealth creation and better returns
At a time when retail investors are circumspect in the face of high volatility and uncertainty inflicted by the second wave of covid-19 in India, investment advisers are targeting prudent and better off investors by offering portfolio management schemes.
“Portfolio management schemes (PMS) are ideal for investors seeking long term wealth creation through investment in high growth potential companies as the schemes offer opportunity to outperform the index and mutual funds,” said Satish Menon, executive director, Barjeel Geojit Financial Services.
Advisers are attracting investors by saying a PMS strategy involves investing in prospective businesses with visionary management, which have the potential to scale up and grow exponentially over a five to six year period and to generate risk-adjusted returns to the tune of at least 20% on INR basis.
Revenue around Rs 2,960 crore.
Online food delivery segment seen significant growth.
New Delhi: Ant Group-backed online food ordering platform Zomato has filed preliminary papers with capital market regulator Sebi to raise Rs 8,250 crore through an initial share-sale at a time when the demand for its services is growing due to COVID-19 pandemic-related restrictions.
The company s revenue in FY20 jumped over two-fold to around Rs 2,960 crore as compared to 2018-19 fiscal.
The online food delivery segment has seen significant growth in the last few years with Zomato and Swiggy competing head-on to grab market share.
The initial public offer (IPO) comprises fresh issue of equity shares worth Rs 7,500 crore and offer for sale to the tune of Rs 750 crore by Info Edge (India) Ltd, draft red herring prospectus (DRHP) filed with Securities and Exchange Board of India (Sebi) showed on Wednesday.
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Over 12.7 lakh PACL investors receive Rs 438 crore in refunds: SEBI
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PTI | April 27, 2021 | Updated 17:22 IST
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More than 12.7 lakh PACL investors with claims of up to Rs 10,000 have received over Rs 438 crore in refunds, markets regulator Sebi said on Tuesday. The regulator had found that PACL Ltd, which had raised money from the public in the name of agriculture and real estate businesses, collected more than Rs 60,000 crore through illegal collective investment schemes (CISs) over 18 years.