Page 96 - Info Edge News Today

Zomato IPO: Info Edge to sell stake worth Rs 750 Cr In a regulatory filing, Info Edge said online food delivery platform Zomato is proposing an IPO of its equity shares, comprising a fresh issue of equity shares by Zomato Ltd and an offer for sale by Info Edge (India) Ltd. 0 claps Share on Info Edge on Tuesday said it would sell stake worth Rs 750 crore in the initial public offering (IPO) of its investee company Zomato. In a regulatory filing, Info Edge said Zomato, an online food delivery p...

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 companys revenue in FY20 jumped over two-fold to around Rs 2,960 crore as compared to 2018-19 fiscal. The online food delivery...

: Wednesday, April 28, 2021, 11:11 AM IST Zomato files for Rs 8,250 crore IPO; Info Edge to sell stake worth Rs 750 cr Zomato IPO Zomato, the online food delivery platform, has filed for an Initial Public Offering of up to Rs 8,250 crore as as consumers increasingly turn to ordering food online during the COVID-19 pandemic. Draft papers submitted to the market regulator showed, Reuters said in a report. In a regulatory filing, Info Edge said, "The Board of Directors of the Company today cons...

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Zomato IPO: Info Edge to sell shares worth Rs 750 crore Top Searches Zomato IPO: Info Edge to sell shares worth Rs 750 crore TNN / Apr 27, 2021, 23:33 IST FacebookTwitterLinkedinEMail Zomato is expected to file the Draft Red Herring Prospectus (DRHP) for its IPO this week. (Representative image) BENGALURU: Info Edge, an early investor in Zomato, said it will sell shares worth Rs 750 crore in the upcoming initial public offering (IPO) of the online food ordering platform. In a stock exchange f...

Info Edge to tell stake worth Rs 750 crore in Zomato IPO Zomato, which started operations as a restaurant review and discovery platform, is planning to raise $650 million to $1 billion through the primary stake sale BusinessToday.In | April 28, 2021 | Updated 02:08 IST Info Edge board of directors have approved sale of the companys stake worth Rs 750 crore in Zomato during the latters upcoming initial public offering (IPO). The parent company will offload the shares via offer for sale. "Zomat...

NEW DELHI: Restaurant aggregator and food delivery platform Zomato has appointed five independent directors, including four women, on its eight-member board. The newly appointed independent women directors are ex-Olympian Aparna Popat, Zalora Group former chief executive officer Gunjan Tilak Raj Soni, Airveda founder Namita Gupta, and ABN Amro Bank NV (India) former head of

With this addition, the IPO-bound startup has five independent members on its board.

Synopsis Cofounder Deepinder Goyal said this decision was part of broader efforts by Zomato to make the company more inclusive and diverse ETtech IPO-bound food-delivery firm Zomato has added five new independent members on its board, four of whom are women, as it prepares to go make its public market debut soon. In a blog post, published on Friday, Zomato’s cofounder & CEO, Deepinder Goyal, said, “And up until now, we had a largely investor run board. But today, I’m elated to share that ...

Deepinder Goyal, the founder of Zomato, in a tweet said the news was “incorrect”. “Wouldnt typically comment on speculation, but had to in order to stop the barrage of phone calls from the press and friends/family. Back to work (sic),” said Goyal. Earlier, Moneycontrol, citing sources, had said Zomato was likely to file its draft papers with the market regulator Sebi on April 23. The companys internal review of the draft and other processes was completed on Thursday, the publication rep...