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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.
Zomato shareholders approve ₹8,500 crore fundraise via QIP
Last month, the Zomato board approved raising up to ₹8,500 crore through a qualified institutions placement (QIP). The fundraising is meant to strengthen the balance sheet at th
Zomato's Rs 8,500 Crore QIP Gets 99.7% Shareholder Approval
Zomato's shareholders have approved the company's proposal to raise Rs 8,500 crore through a qualified institutional placement (QIP), receiving 99.7% support. The funds aim to strengthen its balance sheet amid rising competition.
inc42
14h
Zomato Receives Shareholders Nod To Raise INR 8,500 Cr Via QIP
Around 99.79% of the shareholders voted in favour of the resolution. This comes after the company last month issued a notice ...
ET Now on MSN
1h
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 ...
8h
Zomato ex-employee defends Deepinder Goyal over his controversial Rs 20 lakh job fee: 'This is worth...'
Zomato CEO Deepinder Goyal was embroiled in controversy after he announced a Chief of Staff job offer with unusual conditions ...
AOL
1d
Zomato offers a job with a catch – you have to pay to get it
When the CEO of Indian delivery app
Zomato
advertised for a chief of staff on social media, it came with two large caveats.
abp LIVE on MSN
3h
Zomato To Make Entry In BSE Sensex, Replace JSW Steel
Asia Index Private Ltd, the wholly-owned subsidiary of BSE announced the reconstitution on Friday of several indices such as ...
2d
Want to be chief of staff at India's Zomato? CEO says forget salary, pay $23,700 fee
The CEO of Indian food delivery giant Zomato has stoked a public debate by advertising a chief of staff job with an unusual ...
TheBetterIndia
16h
Viral vs Valuable: Zomato’s Zero Salary Job vs a Physicist Who Created 1.5M Jobs
Viral trends may capture our attention, but it's the enduring impact of individuals and organisations that truly shapes our ...
NDTV
7h
Zomato To Join BSE Sensex, Replacing JSW Steel From December 23
Online food delivery giant
Zomato
will become a part of the benchmark BSE Sensex, replacing JSW Steel from December 23.
inc42
1d
Zomato Becomes First New-Age Tech Stock To Feature In BSE Sensex
Stock exchange BSE will add foodtech major Zomato to its flagship BSE Sensex, replacing JSW Steel, from December 23.
13h
Zomato is built on a cult of personality. Here’s why it works—until it doesn’t
Deepinder Goyal’s online persona has helped Zomato beat rival Swiggy in the marketing race. But the strategy comes with ...
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