Meals and grocery supply agency Zomato has set a ground worth of Rs 265.91 per share for its certified institutional placement (QIP), which it opened on Monday, the corporate mentioned in a submitting to the inventory exchanges.
The ground worth for the QIP, by way of which Zomato is planning to lift as much as Rs 8,500 crore, is at an almost 3% low cost to Zomato’s Monday closing worth of Rs 273.60 on the BSE.
On Saturday, Zomato’s shareholders had approved the QIP plan.
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