Zomato Receives Shareholders Nod To Raise INR 8,500 Cr Via QIP

3 hours ago · Foodtech major Zomato. has received approval from its shareholders to raise INR 8,500 Cr (around $1 Bn) through a qualified institutional placement (QIP), a month after getting …

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Zomato Receives Shareholders Nod To Raise INR 8,500 Cr Via QIP

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3 hours ago · Foodtech major Zomato. has received approval from its shareholders to raise INR 8,500 Cr (around $1 Bn) through a qualified institutional placement (QIP), a month after getting …

inc42.com

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Zomato Gets Shareholder Approval To Raise Rs 8,500 Cr Via QIP

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6 hours ago · The shareholders passed a special resolution to raise capital via a QIP by issuing equity shares to eligible investors, with 99.79% voting in favour. Ishan Patra 519 Stories …

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Zomato QIP: Rs 8500 Crore Fundraise Update For Deepinder Goyal's ...

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5 hours ago · Food delivery giant Zomato has cleared its plan to raise Rs 8,500 crore through a Qualified Institutional Placement (QIP) of equity shares. The move, supported by over 99% of …

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Zomato To Raise Rs 8,500 Crore Via QIP; Gets Board Nod To Issue …

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Oct 22, 2024 · ALSO READ: Zomato Q2 net profit surges 388% to Rs 176 cr. Zomato's board has approved up to Rs 8,500-crore fundraising via the issue of a qualified institutional placement …

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Zomato Gets Board Nod To Raise INR 8,500 Cr Via QIP

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Oct 22, 2024 · has received its board’s nod to raise up to INR 8,500 Cr (about $1 Bn) via qualified institutional placement (QIP). In an exchange filing, the foodtech giant said that the board has …

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Zomato's Net Profit Jumps 389% YoY, Board Approves Rs 8,500 …

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Zomato's GOV (gross order value) for its B2C business was at Rs 17,670 crore, a 55% YoY growth. On a like-for-like basis, i.e., excluding the impact of the acquisition of Paytm 's ticketing ...

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Zomato To Raise ₹8,500 Cr Via QIP As It Braces For Intensifying ...

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Oct 22, 2024 · Zomato to raise ₹8,500 cr via QIP as it braces for intensifying competition Rival Swiggy is gearing up for a $1.25 billion IPO later this year, while Zepto has raised over $1 …

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Zomato To Launch INR 8,500 Cr QIP In December - Inc42.com

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Nov 14, 2024 · Last month, Zomato said it received the approval of its board to raise up to INR 8,500 Cr (about $1 Bn) via QIP. Zomato said that the board formulated a fund raising …

inc42.com

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Zomato Receives Board Approval To Secure INR 8,500 Cr Via QIP

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Oct 22, 2024 · Foodtech giant Zomato has secured board approval to raise up to INR 8,500 Cr (approximately $1 billion) through a qualified institutional placement (QIP).. According to …

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Zomato To Seek Board Approval To Raise INR 8,500 Cr

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Oct 18, 2024 · Zomato’s board is likely to review and approve the foodtech major’s proposal to raise INR 8,500 Cr (about $1 Bn) at its meeting scheduled for October 22 — in what would be …

inc42.com

FAQs about Zomato Receives Shareholders Nod To Raise INR 8,500 Cr Via QIP Coupon?

Why did Zomato raise Rs 8500 crore?

The board of Zomato, an online food delivery firm, has approved the raising of Rs 8,500 crore through qualified institutional placement (QIP) of equity shares, Zomato Ltd said in a regulatory filing. Zomato CEO Deepinder Goyal said that the fundraising is meant to strengthen the company's balance sheet at this point. ...

Can Zomato raise capital through a qualified institutions placement (QIP)?

Food delivery aggregator Zomato Ltd on Saturday (November 23) announced that its shareholders have approved a proposal to raise capital through a Qualified Institutions Placement (QIP). The approval was granted via a special resolution passed through a postal ballot conducted through remote e-voting. ...

How did Zomato raise $1 bn?

Foodtech major Zomato has received approval from its shareholders to raise INR 8,500 Cr (around $1 Bn) through a qualified institutional placement (QIP), a month after getting the nod from the board. Step up your startup journey with BHASKAR! From resources to networking, BHASKAR connects Indian innovators with everything they need to succeed. ...

Will Zomato launch QIP in December?

Last month, Zomato said it received the approval of its board to raise up to INR 8,500 Cr (about $1 Bn) via QIP Foodtech giant Zomato is reportedly looking to launch its INR 8,500 Cr qualified institutional placement (QIP) in December, depending on market conditions. ...

Will Zomato issue equity shares through qualified institutions placements?

The company's board has approved "issue of equity shares through qualified institutions placement (s) under applicable laws, for an aggregate consideration of up to Rs 8,500 crore," Zomato said in a stock exchange filing. The food tech giant will decide the details such as price or discounts in due course, it added. ...

Does Zomato have a consolidated net profit?

Zomato has reported a consolidated net profit of Rs 176 crore in the second quarter ended on September 30, 2024. The board of Zomato, an online food delivery firm, has approved the raising of Rs 8,500 crore through qualified institutional placement (QIP) of equity shares, Zomato Ltd said in a regulatory filing. ...