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Zomato Raises Rs 8,500 Crore Via Qualified Institutional Placement

Zomato Ltd. has successfully raised Rs 8,500 crore through qualified institutional placement, issuing 33.64 crore equity shares at an issue price of Rs 252.62 per share. The price includes a premium of Rs 251.62 per share, with a 5% discount on the floor price of Rs 265.91. The QIP, which opened…

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