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Info Edge on Tuesday said it will 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 -- 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. "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 upto Rs 7,500 million...,"...

Exide Industries has further invested an amount aggregating to Rs 39.99 crore by way of subscription to the equity share capital of its subsidiary, Exide Leclanche Energy. With the above investment, the equity shareholding of EIL in JVC stands increased from 80.15% to 82.71 % of the total paid-up share capital. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interes...