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Zomato IPO: Food delivery platform files draft offer document with SEBI for Rs 8,250 cr IPO
Restaurant aggregator and food delivery company Zomato has filed its draft red herring prospectus (DRHP) for an initial public offering of Rs 8,250 crore. It filed the draft with market regulator Securities and Exchange Board of India (SEBI).
According to reports, the company will issue a fresh equity shares worth Rs 7,500 crore. Info Edge India Ltd, the largest shareholder in the company, will seel its stake worth Rs 750 crore. Info Edge is the largest shareholder and controls 18.5 per cent in Zomato.
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.
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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 platform, was 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.
: 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 considered and have given their approval to the company to participate in the said Offer for Sale of up to such number of shares of Zomato Ltd as would aggregate up to Rs 7,500 million., it added.
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 company s stake worth Rs 750 crore in Zomato during the latter s upcoming initial public offering (IPO). The parent company will offload the shares via offer for sale. Zomato Limited is proposing an IPO of its Equity Shares, comprising a fresh issue of Equity Shares by Zomato Limited and an Offer For Sale by Info Edge (India) Limited, Info Edge said in a regulatory filing on Tuesday.