Food delivery major Zomato on Friday announced that it had raised ₹8,500 crore ($1 billion) through a qualified institution placement (QIP) in its first major fundraise since public listing in July 2021.
The company's Board, in a meeting held on November 29, approved the issue and allotment of 336,473,755 equity shares at an issue price of ₹252.62 per share.
The fundraise is aimed at strengthening Zomato's balance sheet and fuelling its expansion plans, as competition is heating up in the quick commerce and food delivery space. As much as ₹2,137 crore will be used to expand Blinkit's network of dark stores and warehouses.
この記事は Business Standard の November 30, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は Business Standard の November 30, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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