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Nifty today: SGX Nifty down 65 points; here s what changed for market while you were sleeping

Nifty today: SGX Nifty down 65 points; here s what changed for market while you were sleeping
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SGX Nifty down; indicates markets likely to open flat

SGX Nifty down; indicates markets likely to open flat
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Zomato Files For $1 11 Billion Initial public offering (IPO) As Food Delivery Surges In Pandemic

Zomato IPO: Top shareholder Info Edge will sell shares worth Rs 7.5 billion in the IPO Food delivery startup Zomato, backed by China s Ant Group, has filed for an initial public offering of up to Rs 82.5 billion ($1.11 billion) as consumers increasingly turn to ordering food online during the COVID-19 pandemic. Launched in 2008, Zomato is one of India s most prominent startups. It is present in 24 countries and employs more than 5,000 people, according to its website. In February, the company had raised $250 million from five investors including hedge fund Tiger Global Management for a post-money valuation of $5.4 billion. According to draft papers submitted to India s market regulator on Wednesday, Zomato s offering will comprise a fresh issue of shares worth up to Rs 75 billion.

China ant groupMacrotech developersZomato files forFood delivery surges in pandemic timesInfo edgeAnt groupTiger global managementBarbeque nation hospitalityMahindra capitalMorgan stanley indiaSuisse securities indiaBofa securities indiaCitigroup global markets indiaசீனா எறும்பு குழுதகவல் விளிம்புஎறும்பு குழு

Zomato Files for Rs 8,250-Crore IPO as Food Delivery Surges in Pandemic

Zomato Files for Rs. 8,250-Crore IPO as Food Delivery Surges in Pandemic Zomato s offering will comprise a fresh issue of shares worth up to Rs. 7,500 crores. By Reuters | Updated: 28 April 2021 12:05 IST Zomato said it intends to use the proceeds to fund growth initiatives and general corporate purposes Highlights Top shareholder Info Edge will sell shares worth Rs. 750 crores in IPO India has been one of the hottest IPO markets so far in 2021 Zomato has filed for an IPO of up to Rs. 8,250 crores as consumers increasingly turn to ordering food online during the COVID-19 pandemic. Launched in 2008, Zomato is one of India s most prominent startups. It is present in 24 countries and employs more than 5,000 people, according to its website.

Macrotech developersTiger global managementInfo edgeBarbeque nation hospitalityMahindra capitalMorgan stanley indiaSuisse securities indiaBofa securities indiaCitigroup global markets indiaZomato ipo file up to rs 8250 crore food delivery surge pandemic coronavirus covid 19புலி உலகளாவிய மேலாண்மைதகவல் விளிம்புபார்பெக்யூ தேசம் விருந்தோம்பல்மஹிந்திரா மூலதனம்மோர்கன் ஸ்டான்லி இந்தியாஸ்யூயி பத்திரங்கள் இந்தியா

Zomato IPO Zomato Share Sale Zomato IPO News: Info Edge India Shares Rise After Zomato Files Papers For IPO

Zomato s offering will comprise a fresh issue of shares worth up to Rs 7,500 crore. Shares of Info Edge India, which has stake in food delivery service provider Zomato, rose as much as 3.14 per cent to hit an intraday high of Rs 5,100 on the BSE after Zomato filed draft red herring prospectus (DRHP) with Securities and Exchange Board of India (SEBI) to raise up to Rs 8,250 crore through share sale via initial public offering (IPO). The company said it intends to use the proceeds to fund growth initiatives and general corporate purposes. Top shareholder Info Edge will sell shares worth Rs 750 crore in the IPO. The company, along with domestic rival Swiggy, backed by Accel, dominates the food delivery market, which research firm RedSeer estimates is worth $4.2 billion.

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