Zomato shareholders approve Rs 8,500 crore QIP plan
Zomato Shareholders Approve Rs 8,500 Crore Fundraise Through QIP
Last month, the Zomato board approved a proposal to raise up to Rs 8,500 crore through a Qualified Institutions Placement (QIP). The company stated that the funds are intended to strengthen its balance sheet at this juncture, according to a filing.
Zomato shareholders approve Rs 8,500 crore QIP plan as quick commerce competition heats up
Zomato had announced the plan to raise fresh capital last month - at a time when the rapidly growing quick commerce industry is becoming increasingly competitive and witnessing a flush of funds being infused into the sector.
Inside Mind of Deepinder Goyal and Zomato
Around 99.79% of the shareholders voted in favour of the resolution. This comes after the company last month issued a notice ...
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The CEO of Indian food delivery giant Zomato has stoked a public debate by advertising a chief of staff job with an unusual ...
Online food delivery giant Zomato will become a part of the benchmark BSE Sensex, replacing JSW Steel from December 23.
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Zomato’s Sensex Entry: How has Deepinder Goyal-led company’s stock performed since IPO listing?The year was 2021 when investors saw a host of new age digital companies launching their initial public offerings to make ...
Deepinder Goyal’s online persona has helped Zomato beat rival Swiggy in the marketing race. But the strategy comes with ...
Viral trends may capture our attention, but it's the enduring impact of individuals and organisations that truly shapes our ...
Zomato offers a virtual currency system called Zomato Credits. Originally intended to compensate users for bad experiences ...
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