Zomato Board to Consider Fundraising Via QIP on October 22; Shares Down 3.75%

Zomato says its board will consider and approve the "raising of funds by issuance of equity shares by way of qualified institutional placement, as may be permitted under applicable laws, subject to such regulatory/statutory approvals, including the notice for the postal ballot for obtaining the shareholders' approval in this regard, as may be required".

Oct 18, 2024 - 14:30
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Zomato Board to Consider Fundraising Via QIP on October 22; Shares Down 3.75%
Zomato says its board will consider and approve the "raising of funds by issuance of equity shares by way of qualified institutional placement, as may be permitted under applicable laws, subject to such regulatory/statutory approvals, including the notice for the postal ballot for obtaining the shareholders' approval in this regard, as may be required".

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Subhashree Hi, This is Subhi. Welcome to my blog! I love to keep up with the latest news in healthcare, technology and media. Here you will find insightful articles that inform and interest you about the world around you. Join me as I drift between health and technology, and stay up-to-date!