Zomato QIP: Zomato shareholders approve Rs 8,500 crore QIP …

4 days ago · Through its plan to raise capital via QIP, which was cleared by its board on October 22, Zomato aims to strengthen its balance sheet, the company’s founder and chief executive …

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Zomato's Rs 8,500 Crore QIP Gets 99.7% Shareholder Approval

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Shareholders of Zomato have approved the company’s proposal to raise Rs 8,500 crore through a qualified institutional placement (QIP). The decision was supported by 99.7% of votes. The ...

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Zomato Share Price Zooms 7% On Inclusion In Sensex, Rs 8500 Cr …

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2 days ago · Shareholders of Zomato approved a plan to raise Rs 8,500 crore through a Qualified Institutional Placement (QIP), with over 99.7% voting in favor, the company announced on …

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Zomato Investors Approve INR 8,500 Crore QIP Proposal

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3 days ago · A month after receiving board permission, foodtech giant Zomato has received shareholder approval to raise INR 8,500 Cr (about $1 billion) through a qualified institutional …

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Zomato Stock Rises 6% On Sensex Inclusion, ₹8,500 Cr QIP

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3 days ago · Zomato enters Sensex, replacing JSW Steel, and gains shareholder approval for its ₹8,500 crore QIP plan. Invest. Invest. Stocks. MTFs, advanced charts, advisory & more—right …

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FAQs about Zomato QIP: Zomato shareholders approve Rs 8,500 crore QIP … Coupon?

Will Zomato raise Rs 8500 crore through qualified institutional placement (QIP)?

Zomato’s Rs 8,500 Crore QIP Receives Shareholder Approval Zomato’s shareholders have approved the proposal to raise Rs 8,500 crore through a Qualified Institutional Placement (QIP). This funding, initially approved by Zomato’s board in October, is intended to strengthen the company’s balance sheet. ...

How will Zomato raise Rs 8500 crore?

Zomato 's board of directors on Tuesday approved a proposal to raise Rs 8,500 crore via the issuance of equity shares through the qualified institutional placement (QIP) mode. ...

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 much does Zomato's QIP cost?

On November 25, the company announced the opening of the issue, setting a floor price of Rs 265.91 per share and an indicative price of Rs 252.62, representing a 7.6% discount to Tuesday's closing price of Rs 272.90. The QIP involves the sale of approximately 33.65 crore shares, equating to 3.8% of Zomato's equity. ...

What is the floor price for Zomato QIP?

The foodtech company has fixed the floor price for the QIP at ₹265.91 per share, a discount of 2.8% from Monday’s closing price. Shares of Zomato continued gaining streak for the second session on Tuesday, rising nearly 2% in early trade after the online food delivery company launched its ₹8,500 crore qualified institutional placements (QIP). ...

How much is Zomato enabling resolution?

Chief Financial Officer Akshant Goyal explained that while the board approved the enabling resolution for Rs 8,500 crore, the final amount will depend on market conditions and the timing of the QIP launch. As of September 30, Zomato reported a cash balance of Rs 10,813 crore, down from Rs 12,539 crore at the end of June. ...